When People Determine the Quantity of Education They Will Undertake

question 85

Multiple Choice

When people determine the quantity of education they will undertake, they _______ the external benefits. As a result, if education were left to an unregulated market, people would undertake too _______ Education.

• A) overvalue; little
• B) ignore; much
• C) ignore; little
• D) overvalue; much

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Definitions:

Cabinet Importance

Refers to the significance of the Cabinet, a body of high-ranking officials, typically consisting of the top leaders of the executive branch in a government, advising the head of state or government.

Vice President

The second-highest executive officer in a government, who serves as the deputy to the president, and can assume presidential duties under circumstances defined by law, such as the president's death, resignation, or incapacity.

Senate Tie

A situation where there is an equal number of votes for and against a measure in the U.S. Senate, often broken by the vote of the Vice President.

Twenty-Fifth Amendment

An amendment to the U.S. Constitution that provides procedures for dealing with presidential disability and succession.