If possible, I need the answers for all the questions 30. We subsidize public ed

Question

If possible, I need the answers for all the questions

30. We subsidize public education because it has b. Positive Its part of the constitution a. Negative c. Externalities Externalities 31. High School Student performance a. b. c. d. Has seen little change in test scores but higher graduation rates Has seen increases in test scores and higher graduation rates Has seen increases in test scores and lower graduation rates Has seen little change in test scores or graduation rates 32. What was the major factor in the increase in college prices over the last 20 years a. An Increase in Supply of colleges b. A decrease in Supply of colleges c. An increase in the demand for college degree d. A decrease in the demand for college degree 3. Why do colleges have little incentive to hold down costs a. Demand is elastic b. Demand is inelastic c. d. Supply is elastic Supply is unit elastic

Explanation / Answer

30. The right answer is option B. Positive Externalities

Explanation: Positive externalities refer to the benefits arising to the third parties because of an economic transaction. Here, the economic transaction is the education services. Education has many social benefits like more skilled labor, economic development, more technological breakthrough, etc. Governments generally provide subsidies to economic activities having positive externalities in order to increase their production.

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