Suppose That Each Person in a Community Had to Pay

question 176

Multiple Choice

Suppose that each person in a community had to pay for his or her own education from kindergarten through high school.One would expect that:

• A)less education would be acquired than at present since an individual may not consider the positive external benefits of education to society.
• B)more education would be acquired than at present since an individual may not consider the positive external benefits of education to society.
• C)the optimal amount of education would be acquired by community members since they each paid for the amount of education they wanted.
• D)a Pigouvian tax would ensure the optimal amount of education.

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Definitions:

Workforce

The collective group of individuals engaged in or available for work, either in a specific region or in the broader economy.

Increased Slightly

Indicates a minor or modest rise in quantity, degree, or level of a particular measure or condition.

Decreased Slightly

A small reduction or decline in quantity, intensity, or magnitude.

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