If All University Students Had to Pay the Full Cost

question 118

Multiple Choice

If all university students had to pay the full cost of their education,

• A)the federal debt could be eliminated.
• B)they would probably choose less education than what is socially optimal.
• C)the economic efficiency of the higher education system would be greatly enhanced.
• D)vertical equity would be enhanced,since university students would internalize the externalities of their educations.
• E)horizontal equity would be worsened because university students in general come from the lowest-income families.

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