Use the Figure Below to Answer the Following Questions

question 31

Multiple Choice

Use the figure below to answer the following questions.

Figure 16.3.3
-Refer to Figure 16.3.3.The figure shows the marginal private benefit and marginal social cost of a university education.If society's external benefit from university graduates is $10,000 each,then

• A)a subsidy of $10,000 per student paid to the universities achieves efficiency.
• B)a tax of $10,000 per student imposed on the universities achieves efficiency.
• C)10 million students per year is the efficient number students.
• D)a subsidy of $20,000 per student paid to the universities achieves efficiency.
• E)none of the above answers are correct.

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Definitions:

National Health Interview Survey

A large-scale government survey conducted to collect a wide range of health-related data from the U.S. population.

Health Insurance

A type of insurance coverage that pays for an insured individual's medical and surgical expenses, or reimburses the insured for expenses incurred from illness or injury.

Data

The facts and figures related to the project that are divided into two main parts: secondary data and primary data.

Research Problem

A specific issue, contradiction, or gap in knowledge that a researcher aims to address or solve through systematic investigation.