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Part APoliticians are often heard saying that tuit

Part APoliticians are often heard saying that tuition at state universities should be kept low ‘to makeeducation equally accessible to all residents of the state, regardless of income.’1. Assuming that state funding for the universities is held constant, describe the conditions thatwill prevail if tuition is held below equilibrium price. Provide one (1) example to support yourresponse.2. Will education really be ‘equally accessible’ under these conditions? Provide one (1) example tosupport your response.Part BUsing the Internet, research the influenza vaccine, or ‘flu shot.’ Use the following to guide yourresearch:a. Think about the flu shot in the context of a public good.b. What are the economic benefits of the flu shot?c. In what ways has the government become involved in the distribution of flu shots? For whatreasons?1. Describe one (1) reason why the private market for flu vaccinations would produce an inefficientoutcome.2. Describe one (1) way that government involvement could achieve an efficient quantity ofvaccinations.3. Provide one (1) original example for each of the following:a. a private goodb. a public good.Grading RubricPlease refer to the rubric on the following page for the grading criteria for this assignment.CATEGORYExemplarySatisfactoryUnsatisfactoryUnacceptablePart A: Conditions(15 points)Part A: Equallyaccessible (15points)Part B: Privatemarket (15 points)Part B: Governmentinvolvement (15points)Part B:Private/publicgoods (10 points)Mechanics (20Points)Format (10 Points)15 points 12 points 8 points 5 pointsStudent provides a clear,logical description of theconditions that will prevail iftuition is held belowequilibrium price, with atleast 1 clear, logical example.15 points 12 points 8 points 5 pointsStudent provides a clear,logical description ofwhether or not educationwill be ‘equally accessible’under the conditionsdescribed, with at least 1clear, logical example.15 points 12 points 8 points 5 pointsStudent provides a clear,logical description of at least1 reason why the privatemarket for flu vaccinationswould produce an inefficientoutcome.15 points 12 points 8 points 5 pointsStudent provides a clear,logical description of at least1 way that governmentinvolvement could achievean efficient quantity ofvaccinations.10 points 8 points 5 points 2 pointsStudent provides a clear,logical description with atleast 1 example of a privategood and at least 1 exampleof a public good.20 points 15 points 10 points 5 pointsStudent makes no errors ingrammar or spelling thatdistract the reader from thecontent.10 points 8 points 5 points 2 pointsThe paper is written inproper format. All sourcesused for quotes and facts arecredible and cited correctly.Student provides a mostlyclear, logical description ofthe conditions that willprevail if tuition is heldbelow equilibrium price,with at least 1 mostly clear,logical example.Student provides a mostlyclear, logical description ofwhether or not educationwill be ‘equally accessible’under the conditionsdescribed, with at least 1mostly clear, logicalexample.Student provides a mostlyclear, logical description ofat least 1 reason why theprivate market for fluvaccinations would producean inefficient outcome.Student provides a weak orunclear description of theconditions that will prevailif tuition is held belowequilibrium price, with atleast 1 weak or unclearexample.Student provides a weak orunclear description ofwhether or not educationwill be ‘equally accessible’under the conditionsdescribed, with at least 1weak or unclear example.Student provides a weak orunclear description of atleast 1 reason why theprivate market for fluvaccinations would producean inefficient outcome.Student provides a mostlyclear, logical description ofat least 1 way thatgovernment involvementcould achieve an efficientquantity of vaccinations.Student provides a mostlyclear, logical descriptionwith at least 1 example of aprivate good and at least 1example of a public good.Student provides a weak orunclear description of atleast 1 way thatgovernment involvementcould achieve an efficientquantity of vaccinations.Student provides a weak orunclear description with atleast 1 example of a privategood and at least 1 exampleof a public good.Student makes 1-2 errors ingrammar or spelling thatdistract the reader from thecontent.The paper is written inproper format with only 1-2errors. All sources used forquotes and facts are credibleand most are cited correctly.Student makes 3-4 errors ingrammar or spelling thatdistract the reader from thecontent.The paper is written inproper format with only 3-5errors. Most sources usedfor quotes and facts arecredible and cited correctly.

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