If a child is more apt to grow up to become a successful contributing member of society because of an education, this benefit to society is called a

Question

Quizplus · Accepted Answer

The benefit to society from a child receiving an education is a positive externality, as it creates benefits to individuals or society that are not reflected in the market price. The child may earn a higher income, pay more taxes, and have a positive impact on their community, which benefits society as a whole.

If a Child Is More Apt to Grow Up to Become