If Education Creates Positive Externalities

question 129

Multiple Choice

If education creates positive externalities,

• A)private markets provide less than the socially optimal quantity of education
• B)private markets provide more than the socially optimal quantity of education
• C)the marginal private benefit curve is higher than the marginal social benefit curve
• D)the marginal private cost curve is higher than the marginal social cost curve
• E)the government should impose a depletion tax

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Definitions:

Humerus

The long bone in the upper arm or forelimb, extending from the shoulder to the elbow.

Cartilaginous Skeleton

A type of anatomical structure where the skeleton is made entirely of cartilage, as seen in sharks and rays.

Sharks

Predatory fish known for their strength, efficiency as hunters, and, in many species, a cartilaginous skeleton.

Embryonic Skeleton

The initial cartilaginous and fibrous structure that will develop into the bony skeleton of an organism during its embryonic phase.