The Concept of Externalities Means That Subsidizing Education Can Be

question 231

Multiple Choice

The concept of externalities means that subsidizing education can be justified on the grounds that as a student becomes better educated, the student will

• A) earn a higher income.
• B) enhance the lives of people around the student.
• C) make contributions to the student's alma mater.
• D) none of the above

---

Definitions:

Conservation

The act of preserving, protecting, or restoring the natural environment and wildlife.

Egocentrism

A cognitive bias that causes an individual to interpret the world from their own perspective, often failing to understand others' viewpoints.

Infantile Amnesia

The phenomenon where adults are unable to recall memories from early childhood, typically before the age of 3 or 4.

Imprinting

A form of rapid learning that occurs in some animals shortly after birth or hatching, enabling them to recognize their parent or caregiver.