If the government provides free schooling for all students, an economist would say education is

A) a free good, having no cost.
B) scarce even though its cost is paid by taxpayers rather than by students.
C) an example of a good that is no longer scarce.
D) all of the above.

Question

Hazzel Englis · Accepted Answer

Final Answer : B, Explanation :  Education is still considered scarce because it requires resources to provide, such as teachers, buildings, and materials, even if students do not directly pay for it. The cost is covered by taxpayers, indicating that resources are still being allocated to provide education.

If the government provides free schooling for all students, an economist would say education is

A) a free good, having no cost.
B) scarce even though its cost is paid by taxpayers rather than by students.
C) an example of a good that is no longer scarce.
D) all of the above.

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Learning Objectives

Related questions

If the government provides free schooling for all students, an economist would say education isA) a free good, having no cost.B) scarce even though its cost is paid by taxpayers rather than by students.C) an example of a good that is no longer scarce.D) all of the above.

Definitions

Learning Objectives

Learning Objectives

Related questions

If the government provides free schooling for all students, an economist would say education is

A) a free good, having no cost.
B) scarce even though its cost is paid by taxpayers rather than by students.
C) an example of a good that is no longer scarce.
D) all of the above.