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:

Individualistic Culture

a culture that emphasizes personal goals and rights above those of the collective, with a focus on individual achievement and freedom.

Cafeteria Compensation Plans

Employee benefit plans that allow workers to choose from a variety of pre-tax benefits to create a package that best suits their needs.

Contingent Time Off

Time off from work that is not planned in advance and depends on certain conditions or occurrences, such as emergencies or unexpected events.

Perceived Inequity

A feeling of unfairness experienced when an individual perceives a disparity between their inputs and outputs compared to others in a similar situation.