Suppose a Subsidy Is Offered to Consumers of Education as a Means

question 34

Essay

Suppose a subsidy is offered to consumers of education as a means of internalizing the externalities associated with education. If the subsidy accurately reflects the external benefits of education, then the new demand curve for education coincides with which other curve?

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Definitions:

Symbols

Objects, signs, or representations that stand for or suggest another entity or concept through association, resemblance, or convention.

Quantities

Numerical amounts or volumes of something.

Years Old

The length of time that an individual has lived or a thing has existed, typically expressed in years since birth or creation.

Emergent Literacy

Knowledge, skills, and attitudes that provide the building blocks for learning to read and write.