Because There Are Positive Externalities from Higher Education

question 87

Multiple Choice

Because there are positive externalities from higher education,

• A)private markets will under-supply college classes.
• B)private markets will over-supply college classes.
• C)the government should impose a tax on college students.
• D)government intervention cannot improve the market for college classes.

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Definitions:

Factorial Design

Factorial design is an experimental design technique that allows the investigation of the effects of two or more independent variables on a dependent variable simultaneously.

Types of ANOVA

Different variations of Analysis of Variance, a statistical method used to compare means across multiple groups, including one-way ANOVA, two-way ANOVA, and repeated measures ANOVA.

Type I Error

The incorrect rejection of a true null hypothesis, also known as a "false positive" finding.