Should college be subsidized?
All U.S. states subsidize education for college students, mostly by charging below-cost tuition. Nearly -free tuition is available in many European countries and has been proposed in California (see p. 80).
Should the government subsidize college education so that it can be provided with very low tuition? Or, should college education be allocated in a market system, in which prices are set by supply and demand?
To answer this question, use thefollo wing concept sfrom the applicable chapter(s):
- Law of Demand
- Law of Supply
- Law of Supply and Demand
- Shifts of the Demand/Supply versus Movements along the Curves