Education Is a ________ Good That Creates a ________ Externality

question 31

Multiple Choice

Education is a ________ good that creates a ________ externality.

• A) public; positive
• B) private; positive
• C) public; negative
• D) private; negative

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Definitions:

Harvester

An individual or machine that gathers crops or other natural resources from fields or natural habitats.

Storage Yard

A designated outdoor area used for the keeping of goods, materials, vehicles, or equipment.

Common Carriers

Businesses that provide transportation services to the public under the regulation of government agencies, typically involving the conveyance of goods or people.

Warehouse Companies

Businesses specializing in storing goods in large buildings known as warehouses until they are sold or distributed.