To choose: The option that correctly explains the effect of positive externality created due to education.

Question

Want to see the full answer?

Answer 1

Question

Chapter 10, Problem 6MCQ

To determine

To choose:

The option that correctly explains the effect of positive externality created due to education.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

noint(s) possible Next question Because education generates a positive externality, A. subsidies to colleges or vouchers to students are means of achieving the efficient number of graduates O B. graduates' marginal benefit exceeds the society's value of the education C. the quantity of education undertaken will achieve the social interest if it is free D. everyone who wants a college education should get one Time Rema

B. The figure below shows the market for education. 20 S- MSC: 12 MSE D- MD 2 4 10 Quantity (millions of students per yeorl i. 'Education has externalities'. Explain this statement. ii. If the market is competitive and left unregulated, how many students will be enrolled per year? Are the resources allocated efficiently when such number of students are enrolled per year? Explain using the graph above. iii. In the figure above, what kind of government intervention is required to achieve the optimal or efficient number of students? What is the optimal number of students? How much intervention needed to achieve the optimal number of students? luian arc cost lihousa-cs of delan per stdent

Next question Which of the following is an example of a positive externality? A. A lower inflation rate would benefit most consumers. B. Compulsory flu shots for all students prevents the spread of illness in the general public. C. Promoting generic drugs would benefit people. D. Singapore has adopted a comprehensive savings plan for all workers known as the Central Provident Fund.