In many cities, basic education, including primary and secondary education, is highly subsidized by the local government. Explain why basic education coulddemonstrate a case of externality. Using this to explain why basic education is typically subsidized by local governments. Suggest ONE alternative government policy in achieving the same policy objective. Briefly discuss its pros and cons.
In many cities, basic education, including primary and secondary education, is highly subsidized by the local government. Explain why basic education coulddemonstrate a case of externality. Using this to explain why basic education is typically subsidized by local governments. Suggest ONE alternative government policy in achieving the same policy objective. Briefly discuss its pros and cons.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information
Section: Chapter Questions
Problem 8QP
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In many cities, basic education, including primary and secondary education, is
highly subsidized by the local government.
Explain why basic education coulddemonstrate a case of externality. Using this to explain why basic education is
typically subsidized by local governments. Suggest ONE alternative
government policy in achieving the same policy objective. Briefly discuss its
pros and cons.
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