Problem
How would you explain the fact that relative costs of and returns to higher education are so much higher in developing than in developed countries? What is the supposed rationale for subsidizing higher education in many developing countries? Do you think that it is a legitimate rationale from an economic viewpoint? Explain your answer.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.