Which of the Following Is Not a Valid Explanation for Government

question 8

Multiple Choice

Which of the following is not a valid explanation for government provision and forced consumption of education?

• A) myopic individuals make time-inconsistent decisions
• B) education is a public good
• C) forced education redistributes income
• D) education has positive externalities, or benefits to non-consumers
• E) education enhances human capital and raises GDP

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Definitions:

GPS

The Global Positioning System, a satellite-based navigation system that allows users to determine their precise location (latitude, longitude, and altitude) anywhere on Earth.

RFID

Radio Frequency Identification, a technology used to automatically identify and track tags attached to objects using electromagnetic fields.

SCM

Supply Chain Management, the oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

On-demand CRM

On-demand CRM is a model where customer relationship management software and its associated data are hosted remotely, typically by the CRM provider, and accessed by users via the internet on a subscription basis.