An Efficiency Argument for Public Provision of Basic Education Is

question 105

Multiple Choice

An efficiency argument for public provision of basic education is that

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

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Definitions:

Increased

Describes a situation or quantity that has grown or become larger than before.

Increase

To become progressively greater in size, amount, number, or intensity.

Percent

A part or other object per hundred, used in making comparisons or showing proportion.

CPI

The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, often used as an indicator of inflation.