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Deepa Suriabagarsam
on Nov 17, 2024

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Government subsidized scholarships are an example of a government policy aimed at correcting negative externalities associated with education.

Government Subsidized

A financial contribution provided by the government to support industries, businesses, or individuals, often aimed at achieving economic or social objectives.

Negative Externalities

Costs suffered by a third party due to an economic transaction that they were not directly involved in, often leading to market failure.

  • Recognize instances of public policies designed to tackle external costs and benefits.
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Ishika BhagatNov 17, 2024
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