(Answered) Education is typically viewed as and provided as a public

Economics

Education is typically viewed as and provided as a public good. Is this the appropriate way for this service to be provided, or should it be provided in the private sector similar to the way pizza, automobiles, and entertainment are provided? Please explain what characteristics are present for a public good and perhaps identify some of the reasons why education may possess or produce positive externalities.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M92661840
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Economics

1 suppose you design a game with outcomes a b and c for

1. Suppose you design a game with outcomes A, B and C for which you can estimate probabilities Pr(A) = 0.01, Pr(B) = 0.09 and Pr(C) = 0.9. It costs the player $1 to play each time. If outcome C occurs, they win nothing. ...

The attractiveness of a country as a market or investment

The attractiveness of a country as a market or investment site depends on balancing the likely long-term benefits of doing business there, against the likely costs and risks. What do you consider are the determinants of ...

What is the factors that determine wages which are largely

What is the factors that determine wages which are largely responsible for determining how the economy's total income is distributed among the various members of society?

Test the following hypotheses of the difference in

Test the following hypotheses of the difference in population means by using the following data (α = .10) H0: µ1- µ2=0, Ha: µ1- µ2 Sample 1 : X=51.3 σ2=52 n=31; Sample 2: X=53.2 σ2=60 n=32 Use the critical value method t ...

Some seem to believe that we should be pure maximizers

Some seem to believe that we should be pure maximizers. Others say that we do better as constrained maximizers. Which view does David Schmidtz endorse and why?

Suppose that coca-cola is currently paying a dividend of

Suppose that Coca-Cola is currently paying a dividend of $1.75 per share, the dividend is expected to grow at a rate of 5% per year, and the rate of return investors require to buy Coca-Cola's stock is 8%. Calculate the ...

Discuss how organizations can use their private power for

Discuss how organizations can use their "private power for public good"?

Every day your friend commutes to school on the subway at 9

Every day your friend commutes to school on the subway at 9 AM. If the subway is on time, she will stop for a $3 coffee on the way to class. If the subway is delayed she skips the coffee and goes straight to class. The p ...

In 2011 new jersey governor chris christie announced that

In 2011, New Jersey Governor Chris Christie announced that he would pull the state out of the Regional Greenhouse Gas Initiative (RGGI), which is a coalition of 10 states that agreed to reduce their emissions of carbon d ...

A survey of a random sample of 1000 smartphone owners found

A survey of a random sample of 1000 smartphone owners found that the mean daily time spent communicating on a smartphone was 131.4 minutes. From previous studies, it is assumed that the population standard deviation is 2 ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert