State and federal governments actively support education at the primary, secondary, and collegiate levels. But they mandate education at the primary and secondary levels, while merely provide subsidies and loan guarantees at the collegiate level. Of the key rationales for public provision of education described in section 11.1 of the text, which do you think underpins this differential treatment?
Answer to relevant QuestionsConsider two metropolitan areas, one that has many small school districts and one that has only a few large school districts. How are the efficiency and equity effects of introducing a voucher system likely to differ across ...What are the advantages of comparing twins to investigate the relationship between education and earnings? What are the drawbacks of doing so? Lazear (2001) noted that when one simply compares the performance of students in small and large class sizes, there is little difference, despite the presumption (and experimental evidence) that smaller class sizes improve ...Why does the government mandate individuals to purchase their own insurance income cases—such as automobile liability insurance—but directly provide insurance to people in other situations—such as health insurance? The country of Adventureland’s two citizens, Bill and Ted, both earn $1,000 per week working the same job at the same company. Bill and Ted each face some risk of being laid off due to bad market conditions next year, in ...
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