The federal government pays for a wide range of goods and services that are expected to be useful some years in the future. Those purchases, called investment, fall into three categories: physical capital, research and development (R&D), and education and training. There are several economic rationales for federal investment. It can provide…

Federal agencies are responsible for a variety of educational activities. These vary from operating programs for which specific appropriations are made to others which provide educational services incident to some other Federal purpose. Because of the variable nature of these services having educational significance, it is difficult to secure…