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Unformatted text preview: enlightened." Washington, Farewell Address Imperfect capital markets. This would suggest that if the government funds it then there should be no problem. But there is . High default rate on student loans. Types of government funding. Funding of public schools largely through property taxes. Funding of research Funding of state universities. Directed programs-Head start subsidies for loans Pell grants. GI bills Models of education Those who get a higher return from education will invest more. Education increases productivity. Human-capital view. Econ 275 - Public Finance - Fall 1992 - 10/29/92 - Lesson #17 - leson17a.275-- Page --Screening. A signalling device to distinquish productivity types....
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This note was uploaded on 07/08/2010 for the course ECON 275 taught by Professor Mcintyre during the Winter '05 term at BYU.
- Winter '05