Day: September 13, 2021

What justifies government intervention in the provision of a merit good such as education?

Select ONE answer:

1. People who pay for education value it more than those who cannot pay.
2. Private schools have more merit than state schools.
3. Social costs of providing education outweigh social benefits of education.
4. Some consumers do not fully recognise the value of education.

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct

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