What happens in public schools when government funds subsidize education?
A) There is a shortage of schools.
B) The quality of education rises.
C) The cost of providing the education is less than what the student pays.
D) The cost of providing the education is more than what the students pays.
D
You might also like to view...
"A country's expenditure multiplier is constant over time." Explain whether the previous statement is correct or incorrect
What will be an ideal response?
Explain how a vertical merger or an agreement between two vertically integrated firms can be strategically useful even if it neither lowers transaction costs nor cuts the risks of opportunism
If the rate at which one can borrow loanable funds is fixed at 8 percent, the marginal factor cost of employing 8 units of loanable funds is
a. zero b. 64 percent c. 8 percent d. 1 percent e. unable to determine with this information
Refer to the information provided in Table 14.6 below to answer the question that follows. Table 14.6B's Strategy ?AdvertiseDon't Advertise??A's profit $150 millionA's profit $400 million?AdvertiseB's profit $150 millionB's profit $100 millionA's Strategy????Don'tA's profit $100 millionA's profit $200 million?AdvertiseB's profit $400 millionB's profit $200 millionRefer to Table 14.6. The result of this game is a prisoners' dilemma. In which of the following cases is it most likely that the firms will be able to overcome the prisoners' dilemma?
A. repeated play B. a single interaction C. government intervention D. when both firms follow a maximin strategy