Government intervention in education and health sectors is needed because ______.
A
education and healthcare services create both private and social benefits
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B
Expenditures on education and health make substantial long-term impact and they cannot be easily reversed
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C
Both A and B
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D
None of these
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Solution
The correct option is B Both A and B C is the correct option.
Government intervention in education and health sectors is needed because education and healthcare services create both private and social benefits and expenditures on education and health make substantial long term impact and they cannot be easily reversed.