Which of the following economists first introduced the idea of using vouchers to improve educational outcomes in 1955?
a. Milton Friedman
b. John Maynard Keynes
c. Jude Wanniski
d. Jacques Rueff
a. Milton Friedman
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What will be an ideal response?
Decisions about how much to invest in higher education relate to whether one views education as a private or public good. Those who view it as a private good believe that
A. most of the benefits of a college education accrue to an individual, and therefore the individual should bear most of the cost. B. there are societal benefits when residents obtain a college degree, and therefore the individual should bear more of the cost. C. most of the benefits of a college education accrue to an individual, and therefore the public should invest in higher education. D. there are societal benefits when residents obtain a college degree, and therefore the public should invest in higher education.