Pell grants are money given to students attending college.Pell grants are most closely similar to
A) public provision of a good.
B) private subsidies given to producers of a good.
C) vouchers given to consumers of a good.
D) property rights assigned to consumers of a good.
E) a subsidy given to the producer of a good.

Question

Quizplus · Accepted Answer

Pell grants are vouchers given to consumers of a good (in this case, education). These vouchers allow the students to pay for their education at a college of their choice. Similar to vouchers for other goods, such as housing or food, Pell grants provide financial assistance directly to consumers rather than to producers.

Pell Grants Are Money Given to Students Attending College