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.
E) the market excludes noncontributors to education from benefits.

Question

Quizplus · Accepted Answer

Education has a positive externality because it not only benefits the individual who receives it, but also contributes to increased societal well-being and economic growth. This is because education leads to more skilled workers, higher productivity, and advancements in technology, which all have positive effects on the economy and society as a whole.

The Positive Externality Associated with Education Is