Because there are positive externalities from higher education,
a. private markets will under-supply college classes.
b. private markets will over-supply college classes.
c. the government should impose a tax on college students.
d. government intervention cannot improve the market for college classes.
a
You might also like to view...
A drop in velocity means that at any nominal GDP there is a desire to hold a ________ proportion of assets in money form, thus ________ shift in the LM curve
A) larger, a downward B) larger, an upward C) smaller, a downward D) smaller, an upward
In U.S. recessions, growth in total consumption is ________, which is ________ with the workings of the permanent-income and life-cycle hypotheses
A) largely uninterrupted, perfectly consistent B) largely uninterrupted, rather inconsistent C) noticeably reduced, perfectly consistent D) noticeably reduced, rather inconsistent