List the economic benefits of, and problems with, subsidized college education. Examine subsidized college education by considering answers to the…

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List the economic benefits of, and problems with, subsidized college education. Examine subsidized college education by considering answers to the three basic economic questions:

  • What to produce with limited resources?
  • How to produce the goods and services we select?
  • For whom are the goods and services produced?

All U.S. states subsidize education for college students, usually by charging below-cost tuition fees. Nearly free tuition is available in many European countries and has been proposed in California

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