There are several reasons why government has played such a large role in the provision and financing of education from colonial times to the present. These reasons include all of the following EXCEPT: O the prevalence of positive externalities. O failures to maximize family utility. O the high private returns to education. O providing opportunity and economic mobility O the existence of credit market failures.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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There are several reasons why government has played such a large role in
the provision and financing of education from colonial times to the
present. These reasons include all of the following EXCEPT:
the prevalence of positive externalities.
O failures to maximize family utility.
O the high private returns to education.
O providing opportunity and economic mobility
the existence of credit market failures.
Transcribed Image Text:There are several reasons why government has played such a large role in the provision and financing of education from colonial times to the present. These reasons include all of the following EXCEPT: the prevalence of positive externalities. O failures to maximize family utility. O the high private returns to education. O providing opportunity and economic mobility the existence of credit market failures.
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