If a Positive Externality Is Associated with College Enrollment, Then

question 14

True/False

If a positive externality is associated with college enrollment, then when college instruction is provided in a competitive market, the marginal social benefit of enrollment will exceed its marginal social cost in equilibrium.

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Definitions:

Cities

Cities are large human settlements that are significant centers of population, culture, commerce, and political activities.

Indian Boarding Houses

Institutions established primarily in the United States during the 19th and early 20th centuries designed to assimilate Native American children into Euro-American culture.

Indians

Typically refers to the indigenous peoples of the Americas; however, the term can also denote individuals from or associated with India.

Entrepreneurs

Individuals who start and run their own businesses, taking on greater than normal financial risks in order to do so.