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:

Inductor Coil

A component consisting of a wire wound around a core, used in circuits to store energy in a magnetic field when electrical current flows through it.

Voltage

The measure of electrical potential difference between two points in an electric field, driving electric current between those points.

Magnetic Polarity

Refers to the orientation of the magnetic field, denoted by north and south poles, determining the direction in which a magnetic field is applied.

Electromagnetic Field

A physical field produced by electrically charged objects, affecting the behavior of charged objects in its vicinity.