The Positive Externality Associated with Education Is

question 116

Multiple Choice

The positive externality associated with education is:

• A) producers can get higher prices for their goods and services.
• B) less crowding in the classrooms.
• C) increases in societal well-being and economic growth.
• D) technological progress slows as basic research increases.

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Definitions:

Social Capital

Connections among individuals in a certain society who live and work together, facilitating the efficient functioning of that society.

Society

An organized group of individuals living together in a community or a structured community of people bound together by similar traditions, institutions, or nationality.

Private Information

Information that is not publicly available and is protected due to its sensitive nature, often related to personal or confidential business matters.

General Public

The broad group of people in society who do not have a specific connection to an event, issue, or business.