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:

Material Fact

Any fact that is significant or essential to the matter at hand, which, if omitted or misrepresented, could influence a decision or outcome.

Material Fact

A fact that could influence the decision-making of an individual or entity, such as in a legal contract or in financial disclosures.

Furnished Information

Data or details provided, often to an authority or for a specific purpose, which are supplied or equipped by a party.

Fraudulent Misrepresentation

Deception used to induce someone into a contract, involving false statements that the speaker knows to be untrue.