When people determine the quantity of education they will undertake, they ________ the external benefits. As a result, if education were left to an unregulated market, people would undertake too ________ education.
A) overvalue; much
B) ignore; much
C) ignore; little
D) overvalue; little

Question

Quizplus · Accepted Answer

People often ignore the external benefits of education, such as societal improvements and economic growth, leading to less education being pursued than is socially optimal in an unregulated market.

When People Determine the Quantity of Education They Will Undertake