Decisions about how much to invest in higher education relate to whether one views education as a private or public good. Those who view it as a private good believe that
A) most of the benefits of a college education accrue to an individual, and therefore the individual should bear most of the cost.
B) there are societal benefits when residents obtain a college degree, and therefore the individual should bear more of the cost.
C) most of the benefits of a college education accrue to an individual, and therefore the public should invest in higher education.
D) there are societal benefits when residents obtain a college degree, and therefore the public should invest in higher education.
Correct Answer:
Verified
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