If College Education Produces a Positive Externality, the Government May

question 106

Multiple Choice

If college education produces a positive externality, the government may

• A)subsidize college education.
• B)try to convert college education into a negative externality.
• C)try to ignore college education.
• D)try to recover each student's marginal social benefit from education.
• E)tax education.

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Definitions:

Lung

A pair of respiratory organs located in the chest, involved in the process of oxygen exchange and carbon dioxide expulsion from the bloodstream.

Breathe

The process of taking air into and expelling it from the lungs, critical for oxygen exchange and carbon dioxide removal in the body.

Day

A period of 24 hours from midnight to midnight, serving as a basic unit of time universally recognized for organizing daily life and activities.

Breathing Process

The physiological process that involves the intake of oxygen and the expulsion of carbon dioxide from the respiratory system.