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.

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The increase in the global average level of the oceans, attributed primarily to climate change via melting ice and thermal expansion of seawater.

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