Question: 1.3. a. Is education-a college course, for instance-excludable? b. Is education a rival good? That is, if your class has more students, do you get

1.3.

a. Is education-a college course, for instance-excludable?

b. Is education a rival good? That is, if your class has more students, do you get a worse education on average? Do students (and parents) typically prefer smaller class sizes?

Do professors typically prefer smaller classes?

Does it usually cost more for a school to educate more students?

c. According to the standard economists'

definition of a public good-the definition we use in this chapter-is education a public good?

d. Into which of the four categories from Table 18.1 does education seem to fit best?

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