Describe Some of the External Benefits Associated with Education

question 27

Essay

Describe some of the external benefits associated with education. What can government do to encourage production of the efficient amount of education?

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Definitions:

Mental Retardation

An outdated term for intellectual disability, which is characterized by significant limitations in intellectual functioning and adaptive behavior.

Stereotype Threat

The risk of conforming to stereotypes about one's social group, which can negatively affect performance and behavior.

Schema Priming

Involves activating a preexisting schema, making related thoughts or responses more likely to occur in reaction to stimuli or situations, facilitating more efficient processing.

High-SES Environment

Denotes an environment characterized by high socioeconomic status, often associated with better access to resources and opportunities.