Governments allocate large budgets to education at K-12 and university levels because _________________ and to ___________________.

Question

Quizplus · Accepted Answer

Governments allocate large budgets to education at K-12 and university levels because education generates positive externalities for society by increasing people's incentives to obtain more education. This, in turn, benefits society as a whole through increased productivity, economic growth, and social mobility.

Governments Allocate Large Budgets to Education at K-12 and University