Suppose That Elementary Education Creates a Positive Externality

question 323

Multiple Choice

Suppose that elementary education creates a positive externality. If the government does not subsidize education, then

• A)the equilibrium quantity of education will be equal to the socially optimal quantity of education.
• B)the equilibrium quantity of education will be greater than the socially optimal quantity of education.
• C)the equilibrium quantity of education will be less than the socially optimal quantity of education.
• D)There is not enough information to answer the question.

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Definitions:

Pronoun He

A pronoun used in English to refer to a male individual or animal previously mentioned or easily identified.

Emotional Intelligence

The capacity to comprehend, utilize, and control one's emotions constructively to reduce stress, engage in effective communication, sympathize with others, navigate through obstacles, and resolve conflicts.

Empathy

Empathy is the capacity to understand and share the feelings of another person, allowing for emotional connection.

Academic Performance

A measurement of a student's success in completing their educational tasks and studies.