Discuss the efficiency and equity implications of each of the following conditions. The government pays the full tuition for every collage student to study whatever subject he or she wishes. When people lose their jobs, the government provides unemployment benefits until they find new ones.

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Chapter 1, Problem 10P

To determine

Discuss the efficiency and equity implications of each of the following conditions.

The government pays the full tuition for every collage student to study whatever subject he or she wishes.

When people lose their jobs, the government provides unemployment benefits until they find new ones.

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