Education Is a ________ Good That Creates a ________ Externality

question 31

Multiple Choice

Education is a ________ good that creates a ________ externality.

• A) public; positive
• B) private; positive
• C) public; negative
• D) private; negative

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Definitions:

Traits

Characteristics or qualities that form an individual's personality and behavior patterns.

Ability Traits

Innate capabilities or talents that individuals possess, which differ from one person to another, such as intellectual, musical, or athletic abilities.

Source Trait

Fundamental personality components identified through factor analysis that underlie and determine surface behavior.

Surface Trait

Observable qualities or characteristics of an individual's personality, which are a visible manifestation of deeper personality traits.