Education Is Heavily Subsidized Through Public Schools and Government Scholarships

question 161

Multiple Choice

Education is heavily subsidized through public schools and government scholarships. This subsidization of education reflects the fact that

• A)a negative externality requires a subsidy to move the market equilibrium closer to the social optimum.
• B)the social cost of education exceeds the private cost of education.
• C)the social value of education exceeds the private value of education.
• D)the market-equilibrium quantity of education exceeds the optimal quantity of education.

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Definitions:

Lack Of Resources

A situation where the necessary tools, materials, or assets are not available, potentially hindering achievement or progress.

Modified Routines

Adjustments or changes made to standard practices or procedures to improve efficiency, accommodate new conditions, or address emerging problems.

Hyper-Turbulent

Hyper-Turbulent describes situations or environments characterized by extremely high levels of change, unpredictability, and complexity.

Seamless Change

A method of implementing change in an organization in a way that minimizes disruptions and appears smooth and effortless to those involved.