If Education Creates Positive Externalities,then _____

question 95

Multiple Choice

If education creates positive externalities,then _____

• A)private markets provide a quantity of education that is less than socially optimal.
• B)private markets provide a quantity of education that is more than socially optimal.
• C)the marginal private benefit curve is higher than the marginal social benefit curve.
• D)the marginal private cost curve is higher than the marginal social cost curve.
• E)the government should impose a depletion tax.

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Definitions:

Mutations

Changes in the DNA sequence of a cell's genome, often resulting in genetic variation and potentially leading to evolutionary changes.

Descent With Modification

Descent with modification refers to the passing of traits from parents to offspring. Darwin recognized that, over time, this process could account for gradual change in species’ traits and homology.

Evolution

The process through which species undergo changes over time due to genetic variation and natural selection.

Allele Frequencies

The proportional occurrences of various alleles for a specific gene within a certain population.