Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Public education is usually supported because of the externalities. Specifically, the benefits from the education are greater than the benefits to the individual. On this

Public education is usually supported because of the "externalities". Specifically, the benefits from the education are greater than the benefits to the individual. On this basis, an argument over which level of government should fund education has ensued. Nationally, most funding has come from property taxes and other local sources. The second largest source of funding is from states. However, the benefits extend well beyond localities, or even states, and some economists believe it should be nationally funded because the externalities are experienced nationally. Use "economic" arguments to justify leaving funding (and control) at the local level (even if you do not agree). Do not over-complicate this question.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Theory Of Moral Sentiments

Authors: Adam Smith, D D Raphael

1st Edition

0865970122, 9780865970120

More Books

Students also viewed these Economics questions

Question

=+For a different audience? In another tone of voice?

Answered: 1 week ago

Question

=+Can it illicit audience participation?

Answered: 1 week ago

Question

=+Create an open dialogue among users?

Answered: 1 week ago