An efficiency argument for public provision of basic education is that
A)many poor families could not afford to educate their children if they had to pay for it themselves.
B)society as a whole benefits when all of its citizens have the basic skills and knowledge acquired from kindergarten to grade 12.
C)the government is best able to assess the level of provision for which marginal cost equals marginal benefit.
D)the government can best provide education up to that point where marginal benefit is zero.
E)education cannot be efficiently provided by private firms.

Question

Quizplus · Accepted Answer

Public provision of basic education is justified by the positive externalities it generates, as society benefits from having educated citizens who contribute to economic growth and social stability.

An Efficiency Argument for Public Provision of Basic Education Is