: Smart Book - ECON-2 X O My Apps Dashboard | Motlow St X B Chapter 5 Homework Assignmen Question 1 - Chapter 5 Homewo X @ Mcconnell 22e PPT Macro Ch 05 x + https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddlew.. pter 5 Homework Assignment i Saved Help Save & Exit This question will be sent to your instructor for grading. Answer the following questions. Please rewrite the questions and write in complete sentences and paragraphs. Remember that economics is a science and that we are concerned with describing what, how, and why behaviors occur, therefore it should be detailed enough to clearly convey the economic concepts, using the appropriate terminology. 1. Is education a public good? nts 2. Does education have external benefits? If so, what are some of those public benefits? eBook 3. In your opinion are the external benefits large or small? Why? What should government do to promote the efficient provision of products that haye external benefits? Print 4. What might be some of the opportunity costs of a decision to put more resources into education? 5. How would an economist determine the right amount of government support for education