If Public Subsidies for Education Were Eliminated, What Would You

question 227

Multiple Choice

If public subsidies for education were eliminated, what would you expect as an outcome in the market for educational services?

• A) More students would enroll in school.
• B) The price students pay to attend school would equal the value of an additional unit of education consumed.
• C) There would be no correlation between the price students pay and the cost of providing the educational services.
• D) The quality of education would deteriorate.

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Definitions:

Sense

A physiological capacity of organisms that provides data for perception, such as sight, sound, touch, taste, and smell.

Conditional Acceptance

An agreement or acceptance that is subject to specific conditions or requirements being met.

Genuineness

The quality of being authentic and sincere in one’s feelings, thoughts, and actions.

Empathic Understanding

The capacity to accurately comprehend and share another person’s emotional state or context, while recognizing its distinctiveness from one's own feelings.