Suppose That an MBA Degree Creates No Externality Because the Benefits

question 165

Multiple Choice

Suppose that an MBA degree creates no externality because the benefits of an MBA are captured by the student in the form of higher wages. If the government offers subsidies for MBAs, then which of the following statements is correct?

• A) The equilibrium quantity of MBAs will equal the efficient quantity of MBAs.
• B) The equilibrium quantity of MBAs will be greater than the efficient quantity of MBAs.
• C) The equilibrium quantity of MBAs will be less than the efficient quantity of MBAs.
• D) The tuition paid by the student would be exceed the efficient amount.

Understand Skinner's perspective on human nature and behavior as primarily shaped by the environment.

Recognize Skinner's research methodology and his use of animals in experiments to explore behavioral principles.

Identify Skinner's viewpoint on personality traits, unconscious influences, and defense mechanisms.

Comprehend the application and impact of Skinner's behavioral approach in real-world settings such as education and therapy.

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Definitions:

Costing

The process of determining the costs associated with the production of a product or the provision of a service.

Overconfidence

The psychological condition of being more confident than is justified; this can lead to mistakes and poor decision-making due to underestimating risks or overestimating one's abilities.

Political Change

Alterations in the governance, policies, or societal structures of a political entity, often leading to significant shifts in power dynamics.

Pro or Con Views

Refers to arguments or opinions in favor of (pro) or against (con) a particular topic, policy, or idea.