If there are human capital externalities,then

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Quizplus · Accepted Answer

Human capital externalities refer to the positive spillover effects of one person's education or skills on the productivity and wages of others in society. This means that countries with more educated populations can benefit from higher overall productivity and incomes, even for those who are less educated. As a result, differences in human capital across countries can persist because there is a "free-rider" effect where individuals can benefit from the education of others. This does not necessarily mean that human capital should be taxed, nor does it have a direct correlation with convergence in per capita incomes or pollution.

If There Are Human Capital Externalities,then