When individuals make decisions about how much schooling to obtain, they
A) do not take account of the personal benefits that it creates.
B) do not take account of the external benefits that it creates.
C) overvalue the personal benefits that it creates.
D) overvalue the external benefits that it creates.

Question

Quizplus · Accepted Answer

Individuals typically consider personal benefits such as higher income and better job opportunities when deciding on schooling, but they may not fully account for external benefits like societal improvements and economic growth.

When Individuals Make Decisions About How Much Schooling to Obtain