How might governments achieve an efficient provision of education?
What will be an ideal response?
Governments could use public provision, private subsidies, or vouchers to achieve efficiency in the market for education. Public provision: The government could determine the efficient amount of education and create public colleges. This method is the primary method used for K-12 education. Private subsidies: The government could offer subsidies to private colleges. Vouchers: The government would give vouchers to students. Pell grants are an example of vouchers.
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In the context of the environment, the type of transactions costs that includes overseeing the amount of pollution being emitted once bargaining has taken place and a bargain has been reached and ensuring that the agreed to bargain is being carried
out are called A) search costs. B) collectivization costs. C) negotiation costs. D) monitoring and enforcement costs.
Everything else held constant, abolishing the individual income tax will
A) increase the interest rate on corporate bonds. B) reduce the interest rate on municipal bonds. C) increase the interest rate on municipal bonds. D) increase the interest rate on Treasury bonds.
Companies new to exporting most frequently suffer over-commitment by top management in taking on the initial difficulties and financial requirements of exporting.
a. true b. false
The market supply curve is calculated by:
A.) Summing the marginal cost curves of all firms. B.) Averaging the individual supply curves. C.) Summing the prices from individual supply curves. D.) Averaging the individual marginal cost curves below ATC.