Answer to Question #80918 in Microeconomics for Hafso

Question

In each of the following situation what is the government's role? Does the government's intervention improve the outcome?
1=public schools for k-12

Answer 1

All parents want their children be educated. Everyone knows that education is the way to a better future. However, not everyone can teach his children in private schools. They do not have enough money. We know there are many such families in our country.
If there are many uneducated people in the state, the nation will lose a lot. That is why public schools are so necessary. Children from poor families can study free. The nation gains much. Children also have all the opportunities to have a good education; the state will gain profits in the future. This educated people will receive decent salary and they will be engaged in a loved activity.