Economics of Education: Crash Course Economics #23

If education was entirely privatized, society as a whole would be better off because every child would be included.

• False

• True

A positive _____ is a benefit that is enjoyed by a third-party as a result of an economic transaction.

The US spends about $12,500 per student per year on education.

• True

• False

The College Wage _____ states that, on average, college graduate earn more money than non-graduates.

The _____ Capital theory states that going to college actually teaches you skills that’ll help you get a higher income job.

The _____ theory is the idea that some students have shown they're smart and hard-working by getting a college degree.

According to the data, which theory seems to be correct?

• Signaling Theory

• Human Capital theory

• Don't Need No College Degree theory

For-profit colleges and universities are contributing to the increase in college debt.

• True

• False

_____ of the high school students who enroll in college actually graduate in six years or less.

• Half

• All

• None

• A third

A powerful tool for reducing poverty and addressing income inequality is _____.

• education

• emus

• privatization

• government intervention