a) According to the textbook, why is education is heavily subsidized by taxpayers' dollars? Explain. 3 Marks b) Your friend from high school who took a full time job right after they graduated has earned about $70,000 in the last three years. They state: "education is overrated". Based on your studies in labour economics are they correct? Explain. 2 Marks

The textbook is ''An Introduction to the Canadian Labor Market ''.