A little late to help anyone reading this post for class, but Rick Perry is pushing for colleges to provide a new option to keep the cost of college from rising. As the article mentions, there are plenty of pitfalls to consider (larger class sizes, etc...), but the article doesn't really consider why this will happen.
Consider this scenario: A maximum price is set on college education at $10,000. What would we call this type of government intervention? Will there be a surplus or shortage of college classes if this is implemented? What effects could this have on existing student populations and neighboring communities? If there is an increase in the amount of people with degrees, what do you think will happen in the labor market to the wage (salary) paid to both degree and non-degree holding workers
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