Which of the Following Suggests That Education Generates a Positive

question 41

Multiple Choice

Which of the following suggests that education generates a positive externality?

• A) Better-educated people tend to earn higher wages.
• B) Better-educated people make their coworkers more productive.
• C) Better-educated people live longer than less educated people.
• D) Better-educated people are less likely to vote and participate in a democracy.

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Definitions:

Direct Labor-Hours

The total hours worked by employees directly involved in the manufacturing process of products.

Direct Labor Rate

The average hourly wage paid to workers directly involved in the production process.

Master Budget

A comprehensive financial planning document that combines all of the individual budgets within a company into one overall budget.

Raw Materials

The basic materials and components used in the manufacturing process to produce finished goods.