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Category > Economics Posted 03 May 2017 My Price 6.00

positive externality in education,

3 a i âWhen there is a positive externality in education, too little education will be produced in the market. The free market equilibrium is inefficient.â Do you agree agree or disagree? Discuss in detail with a diagram.

 

a ii Continuing from (a)i, why does the government subsidize the purchase of education but not the purchase of hamburgers? Discuss briefly.

 

3b Are common resources public goods? Why or why not?

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(15)
Status NEW Posted 03 May 2017 03:05 AM My Price 6.00

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