1. The Flores article is critical of the direction that the charter school movement has taken in recent years.  One of the arguments against the "privatization of public education" is that education is a "public good." What is a public good? A public good is "nonexcludable," meaning that the benefits may be enjoyed by those who do not pay for it. A public good is a free good. A public good is a good that is funded by the government. A public good is a good that is consumed in public.

Q: Most economists discuss market failure in the context of: a. efficiency. b. fairness. C. neither…

A: Market failure is a situation of the economy that is being defined by an inefficient service and…

Q: Which of the following is a reason why private solutions are often ineffective at remedying…

A: Private decisions related to the production and consumption can result to inefficient allocations.…

Q: What are externalities? How do they create a less than optional level of production in society?…

A:

Q: The Graph below illustrates the Demand and Supply curves for Higher Education by College students,…

A: Demand:Demand  is the desire of an individual ability and willingness to pay for a product. The…

Q: Education provides both private benefits to those who receive it and broader social benefits for the…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: Offer an example of a good that has become a public (or quasi-public) good due to technology.…

A: A public good refers to a good that is non-rival and non-excludable in nature. For example, roads,…

Q: Refer to the figure above. The MSB curve lies to the right of the demand curve because the…

A: The entire societal benefit connected to the creation and consumption of a good is represented by…

Q: What is the socially optimal number of years of schooling for each citizen? optimal schooling: 14…

A: Externality refers to the situation of a person engaging in activities that may influence the…