-Education Is a Good Example of a Positive Externality Because

question 85

True/False

-Education is a good example of a positive externality because the benefits of an education accrue not only to the individual, but also to society as a whole.

---

Definitions:

Lender

An entity or individual that provides funds to another under the agreement that the funds will be repaid, typically with interest.

Dischargeable Debts

Debts that can be eliminated through bankruptcy proceedings, releasing the debtor from personal liability for certain debts.

Chapter 7

A provision under the U.S. Bankruptcy Code that deals with the process of liquidation, where a debtor's assets are sold off to pay creditors.

False Pretenses

A deceitful action or statement made with the intent to obtain money, property, or other benefits unlawfully.