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An Economist Argues That the States That Have Spent the Most

Question 38

Multiple Choice

An economist argues that the states that have spent the most on higher education in the last 25 years have experienced the least economic growth. One might conclude that higher education:


A) does not have important positive externalities.
B) does not have important negative externalities.
C) is a nonexcludable service.
D) has problems of adverse selection.

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