The Return to Schooling for Society Is Higher Than the Return

question 65

Multiple Choice

The return to schooling for society is higher than the return to schooling for the individual if

• A)the concept of diminishing returns applies to education.
• B)the concept of constant returns to scale applies to education.
• C)human capital conveys positive externalities.
• D)investment in human capital involves no opportunity costs.

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Definitions:

Imprisonment

The act of confining someone in a prison or similar facility as punishment for committing a crime.

Duty To Retreat

A legal principle that requires a person to attempt to avoid conflict by retreating from an attacker if safely possible, before using force in self-defense.

Own Home

Refers to possessing or having ownership of one's place of residence.

Evil Motive

A wrongful intention that is often the driving force behind harmful actions or crimes.