Monday, December 28, 2009

Unit 1: Absence from school: An example of information failure?

This BBC clip shows a wide discrepancy between truancy rates between social classes/income groups

a) What type of market failure is education normally classed as?
b) What are the 2 conditiond associated with such goods?
c) Does this video indicate information failure on the part of poorer households?
d) Why might this be the case? What else could account for the vastly different absence rates between income groups?

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