Most Governments Subsidize Basic Education Because

question 18

Multiple Choice

Most governments subsidize basic education because

• A)there are external costs associated with well-educated citizens.
• B)the marginal social benefit from education is greater than the marginal private benefit.
• C)of the existence of private schools.
• D)the marginal social cost of education is greater than the marginal private cost.
• E)otherwise too many students will receive educations.

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Definitions:

Modern Techniques

Contemporary methods used in various fields to improve efficiency, accuracy, and productivity.

Capital Budgeting

The process undertaken by companies to evaluate and prioritize investments in long-term assets based on their potential returns.

Individual Cash Flows

The specific instances of cash being received or expended by an entity, which can include income from sales, financing, investments, or operational activities.

Subjectively

Based on personal feelings, tastes, or opinions rather than external facts or evidence.