What is the rationale for government provision of education?
a. Not all incomes are equal, but everyone has the right to education regardless of wealth.
b. Potential students consider only their personal benefits gained from education, but the rest of society benefits, too.
c. No education would be provided in the absence of government provision because everyone would consume it without paying.
d. The cost of providing education for the entire public is too large.
e. The government can provide education at a much lower cost than the private sector.
B
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The costs of organizing all the affected parties so that bargaining can take place are called
A) search costs. B) collectivization costs. C) negotiation costs. D) monitoring and enforcement costs.
The utilitarianism, Rawlsian, and benefits-received arguments all favor a ________ tax system
A) regressive B) progressive C) proportional D) value-added