One Efficiency-Based Argument in Favour of Government Subsidies for Post-Secondary

question 22

Multiple Choice

One efficiency-based argument in favour of government subsidies for post-secondary education is that

• A)the subsidy is essentially a transfer from lower-income,non-university-trained taxpayers to potentially higher-income-earning university students.
• B)there are positive externalities involved in the consumption of education.
• C)relative to the federal contribution,the provincial contribution to higher education is too low.
• D)they would encourage people not to seek employment.
• E)very few benefits from an individual's education accrue to society as a whole.

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Definitions:

Aggregate Planner

A tool or process used to determine the optimum levels of production, inventory, and workforce required to meet forecasted demand while minimizing costs.

Basic Strategies

Fundamental approaches or methods applied in planning and decision-making to achieve desired business outcomes or objectives.

Aggregate Planning

A marketing activity aimed at balancing supply and demand by determining the optimal level of production, workforce, inventory, and backorder levels over a medium-term horizon.

Operational Parameters

Entail the specific variables or boundaries within which operations are conducted, including production rates, quality levels, and workforce allocation.