Suppose That Elementary Education Creates a Positive Externality

question 129

Multiple Choice

Suppose that elementary education creates a positive externality.If the government does not subsidize education,then

• A) the equilibrium quantity of education will be equal the socially optimal quantity of education.
• B) the equilibrium quantity of education will be greater than the socially optimal quantity of education.
• C) the equilibrium quantity of education will be less than the socially optimal quantity of education.
• D) There is not enough information to answer the question.

Grasp Erikson's theory of psychosocial development and its stages relevant to adulthood.

Identify and describe different personality types according to the typological model of personality development.

Interpret Sternberg's triangular theory of love and differentiate between its components.

Understand the role of friendships and intimate relationships in adult development.