The positive externality associated with education is:
A) producers can get higher prices for their goods and services.
B) less crowding in the classrooms.
C) increases in societal well-being and economic growth.
D) technological progress slows as basic research increases.

Question

Quizplus · Accepted Answer

Education has a positive externality because it not only benefits the individual who receives it but also benefits society as a whole. Educated individuals are more productive and can contribute more to the economy, which leads to economic growth. Additionally, educated individuals are typically healthier and make better decisions, which can improve overall societal well-being.

The Positive Externality Associated with Education Is