government support of public education 4 Why does the government support public education when the private sector also provides this service? Are these reasons the same as those for government...

4 Why does

the government support public education when the private sector also provides

this service? Are these reasons the same as those for government providing

services such as police protection and the National Weather Service?

5 What is

the basic thrust of Keynesian demand-side policies? Why was economic policy

based on Keynes’ ideas effective in promoting prosperity in the 1960’s? Why was

this policy less effective in the 1970’s?

6 Explain

why labor productivity is important but not the only key to improvement in

living standards