Respond to the following prompts in a post with a minimum of 200 words. Economis

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Respond to the following prompts in a post with a minimum of 200 words.
Economis

Respond to the following prompts in a post with a minimum of 200 words.
Economists argue that despite increases in the cost, the value of higher education has increased over time. How can college be made more affordable? Revenues earned by colleges and universities come from three main sources:Tuition and fees paid by students, which have increased faster than the cost of living.
Support from governments at the federal, state and local levels. This support is paid for through tax revenues. Even private colleges and universities obtain funding from the government, but government support has declined at all levels in recent years.
Alumni contributions.
What has caused the cost of college to increase so much? (Not every college has a fancy gym or an Olympic sized pool with a lazy river.)
What do you propose should be done to make higher education more affordable? What reasons can you provide to support your argument?
Is education a public good?
Does education have external benefits? If so, what are some of those public benefits?
In your opinion are the external benefits large or small? Why?
What should government do to promote the efficient provision of products that have external benefits?

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