You hear someone say that government should intervene in the education market because uneducated parents don't fully understand the value of education for their children.Leaving aside whether the politician's conclusion about the cause of the difference is correct,which justification for intervention is the politician using?

Question

Quizplus · Accepted Answer

The politician is using the justification of the failure of family utility maximization, as they believe that uneducated parents are not fully understanding the benefits of education for their children. This is an example of the government intervening to correct a perceived failure of individual decision-making within families.

You Hear Someone Say That Government Should Intervene in the Education