An Efficiency Argument for Public Provision of Basic Education Is

question 52

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) 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) society as a whole benefits when all of its citizens have the basic skills and knowledge acquired from kindergarten to grade 12.
• E) education cannot be efficiently provided by private firms.

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Definitions:

Social Security

A government program that provides financial assistance to people with inadequate or no income, primarily targeting the elderly, disabled, and survivors of deceased workers.

Middle-income Recipients

Individuals or families whose income level falls in the middle range of the socioeconomic spectrum in their society.

Workforce

The total number of people employed or seeking employment in a country or specific sector.

Payroll Tax Payments

Payments made based on wages and salaries to fund social security, healthcare, and other government benefits.