An Efficiency Argument for Public Provision of Basic Education Is

question 31

Multiple Choice

An efficiency argument for public provision of basic education is that

• A)society as a whole benefits when all of its citizens have the basic skills and knowledge acquired from kindergarten to grade 12.
• B)the government can best provide education up to that point where marginal benefit is zero.
• C)the government is best able to assess the level of provision for which marginal cost equals marginal benefit.
• D)many poor families could not afford to educate their children if they had to pay for it themselves.
• E)education cannot be efficiently provided by private firms.

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Definitions:

SARS

Severe Acute Respiratory Syndrome, a contagious respiratory illness caused by a virus in the coronavirus family that first emerged in 2002-2003.

Contagious

Able to be passed from one person to another via direct or indirect contact.

Fatal

Resulting in death or causing the end of life; extremely serious or deadly.

Alveoli

Minute pulmonary sacs essential for the oxygen and carbon dioxide trade-off.