The argument for education subsidy is based on:

CA Foundation · Business Economics · MTP · January 2025
The argument for education subsidy is based on:
(A) A. Education is costly
(B) B. The ground that education is merit good
(C) C. Education creates positive externalities
(D) D. (b) & (c)

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. (b) & (c)

Topics: Theory of Demand and Supply

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