List the economic benefits of, and problems with, subsidized college education. Examine subsidized college education by considering answers to the three basic economic questions:
- What to produce with limited resources?
- How to produce the goods and services we select?
- For whom are the goods and services produced?
All U.S. states subsidize education for college students, usually by charging below-cost tuition fees. Nearly free tuition is available in many European countries and has been proposed in California