Question

In: Economics

"Elementary education is obviously a public good. After all, it is provided by the governmnent." Evaluate...

"Elementary education is obviously a public good. After all, it is provided by the governmnent." Evaluate this statement.

Solutions

Expert Solution

A public good reflects the characteristics of the good, not the sector in which it is provided. Elementary education is not a public good because it is relatively easy to exclude nonpaying customers and to establish a one-to-one link payment for a receipt of the good.


Related Solutions

The Salem Board of Education wants to evaluate the efficiency of the town’s four elementary schools....
The Salem Board of Education wants to evaluate the efficiency of the town’s four elementary schools. The three outputs of the schools are ■   output 1 = average reading score ■   output 2 = average mathematics score ■   output 3 = average self-esteem score The three inputs to the schools are ■   input 1 = average educational level of mothers (defined by highest grade completed: 12 = high school graduate; 16 = college graduate, and so on) ■   input 2...
An education publication claims that the mean expenditure per student in public elementary and secondary schools...
An education publication claims that the mean expenditure per student in public elementary and secondary schools is at least $10,200. You want to test this claim. You randomly select 16 school districts and find the average expenditure per student. The results are listed below. At α = 0.01, can you say the mean expenditure is different either way from the amount in the publication? Assume the population is normally distributed. 9,242 10,641 9,763 9,545 9,847 9,851 8,935 9,784 10,065 10,377...
Is education a public good? Does education have external benefits? If so, what are some of those public benefits?
  Is education a public good? Does education have external benefits? If so, what are some of those public benefits? In your opinion are the external benefits large or small? Why? What should government do to promote the efficient provision of products that have external benefits? If you think that government should put more resources into education, what might be some of the opportunity costs of that decision? How would an economist determine the right amount of government support for...
Is education a public good? Does education have external benefits? If so, what are some of...
Is education a public good? Does education have external benefits? If so, what are some of those public benefits? In your opinion are the external benefits large or small? Why? What should government do to promote the efficient provision of products that have external benefits? If you think that government should put more resources into education, what might be some of the opportunity costs of that decision? How would an economist determine the right amount of government support for education?...
Is education a public good? Does education have external benefits? If so, what are some of...
Is education a public good? Does education have external benefits? If so, what are some of those public benefits? In your opinion are the external benefits large or small? Why? What should government do to promote the efficient provision of products that have external benefits? If you think that government should put more resources into education, what might be some of the opportunity costs of that decision? How would an economist determine the right amount of government support for education?...
1.) Is education a public good? Does education have external benefits? If so, what are some...
1.) Is education a public good? Does education have external benefits? If so, what are some of those public benefits? In your opinion are the external benefits large or small? Why? 2.) What should government do to promote the efficient provision of products that have external benefits? If you think that government should put more resources into education, what might be some of the opportunity costs of that decision? How would an economist determine the right amount of government support...
Would education be considered a public good? What are the external benefits? If it is, what...
Would education be considered a public good? What are the external benefits? If it is, what can those public benefits be? Based on your opinion are those external benefits small or large? Why? What can the government do to promote the effective provision of these items that have external benefits? If you believe that the government should set out more resources in education, what are some of the opportunity cost of that descision? How can an economist determine the right...
If the public debt is a debt that we owe to ourselves, then there are obviously...
If the public debt is a debt that we owe to ourselves, then there are obviously no problems connected with such a debt. Critically evaluate. What are some of the real and potential problems with a large public debt?
Question 1 As a public good, education is one of the most important government functions in...
Question 1 As a public good, education is one of the most important government functions in Bahrain and around the world. Because of external returns, market failures, or redistribution, governments have traditionally decided to be the majority providers of educational services. However, the optimal amount of government intervention in education markets depends on the extent of market failures in private provision of education and on the public returns to education. Answer the following questions: What are the sources of market...
True or False: There is a public good which can be provided for citizens of country...
True or False: There is a public good which can be provided for citizens of country A and citizens of country B. This particular public good can either be produced (one unit) or not (zero units). Country A has 10 citizens who all have a marginal private benefit of the public good valued at 8 and Country B has 2 citizens who all have a marginal private benefit of the public good at 40. Country B is more likely to...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT