The Privately Owned School System in Smalltown Has a Virtually

question 93

Multiple Choice

The privately owned school system in Smalltown has a virtually unlimited capacity.It accepts all applicants and operates on both tuition and private donations.Although every resident places value on having an educated community,the school's revenues have suffered lately due to a large decline in private donations from the elderly population.If the private market quantity of education is below the socially desirable quantity,how can Smalltown remedy its problem

• A)by having the local government tax local citizens in order to subsidize education
• B)by increasing tuition to compensate for the decrease in donations
• C)by increasing teacher wages
• D)by lowering enrolment

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