List the economic benefits of, and problems with, subsidized college education. Examine subsidized college education by considering answers to the...

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