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Question 1 (5 marks) a. Tertiary education is not typically funded by governments completely. Discuss why, and then argue competently for why you think the

Question 1 (5 marks)

a. Tertiary education is not typically funded by governments completely. Discuss why, and then argue competently for why you think the government (i.e taxpayers) should or should not be doing so using an appropriate economic framework. (3 marks)

b. Discuss how income-contingent loans for higher education, such as Australia's HECSHELP system work. (2 marks)

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