Asked by
Amilia atmaja
on Oct 24, 2024
Verified
The government provides public education because:
A) public education is a public good.
B) public education is non-rival and nonexclusive.
C) private education is rival and exclusive.
D) public education combats the negative externalities of private education.
E) public education provides positive externalities.
Public Education
A system where the government provides educational services without direct charge to households, funded by taxation.
Positive Externalities
Benefits that affect parties who did not choose to incur that benefit, often associated with public goods or services, like education and vaccination.
- Set apart public goods from common property resources by discussing their distinguishing features and the challenges associated with their provision.
- Implement concepts from economic theory to investigate how public goods influence social well-being, including the study of problems related to free riders.
Verified Answer
LS
Learning Objectives
- Set apart public goods from common property resources by discussing their distinguishing features and the challenges associated with their provision.
- Implement concepts from economic theory to investigate how public goods influence social well-being, including the study of problems related to free riders.