If a Positive Externality Results from the Consumption of Higher

question 24

Multiple Choice

If a positive externality results from the consumption of higher education, then the marginal benefit students receive from education:

• A)​equals the marginal social benefit.
• B)​is less than the marginal social benefit.
• C)​includes the marginal external benefit.
• D)​exceeds the marginal social benefit.

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Definitions:

Energy

The quantitative property that must be transferred to an object in order to perform work on, or to heat, the object, existing in various forms such as kinetic, potential, thermal, and others.

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Predictions or forecasts about catastrophic future events leading to severe disruption or destruction.

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Forecasts

Predictions or estimates of future events, especially concerning weather or economic trends.