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:

RRSP

Registered Retirement Savings Plan, a Canadian account for holding savings and investment assets, with tax benefits for retirement savings.

Annuity

A fiscal vehicle offering a steady payout to individuals, commonly employed in retirement strategy.

Payments

The act of transferring money from one party to another, often in exchange for goods, services, or to fulfill a legal obligation.

Compounded Quarterly

Interest added to the principal sum every quarter, or four times a year, resulting in the interest of the next period being calculated on the new total.