Because There Are External Benefits from Higher Education

question 195

Multiple Choice

Because there are external benefits from higher education:

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

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Definitions:

Vehicle ECU

The Electronic Control Unit in a vehicle, which is a central computer responsible for managing and controlling the car's engine and other systems.

Arithmetic and Logic Processing

The fundamental operations carried out by a computer processor to perform mathematical and logical operations.

CPU

A central processing unit, which serves as the primary component of a computer responsible for interpreting and executing instructions.

NTC Thermister

A type of thermistor (temperature-sensitive resistor) where resistance decreases as temperature increases, used for temperature measurement and control.