All of the Following Are Examples of Market Failure in Providing

question 4

Multiple Choice

All of the following are examples of market failure in providing education and require government intervention except:

• A) Education generates positive externalities
• B) If schooling choices are liquidity constrained
• C) If households have perfect information about the costs and benefits of schooling
• D) If education is considered vital for achieving poverty reduction

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Definitions:

Entropy

In thermodynamics, a measure of the disorder or randomness in a closed system; in information theory, a measure of the unpredictability or complexity of information.

Critical Organizational Communication

A field of study that analyzes how power, domination, and inequality are experienced and challenged within organizational settings through the use of communication practices.

Middle Schools

Educational institutions that serve students in the intermediary grades, typically between elementary and high school, often encompassing grades 6 through 8.

Equivocality

The characteristic of possibly being understood in multiple ways; vagueness.