A significant positive externality of education would support the argument against public education.

Question

Quizplus · Accepted Answer

A positive externality means that the benefits spill over to people who are not directly involved in the transaction. In the case of education, the positive externality is that an educated population leads to various societal benefits such as a stronger economy, better health outcomes, and reduced crime rates. These benefits justify public investment in education, as they are not fully captured by the individuals receiving education. Therefore, a significant positive externality of education would support the argument in favor of public education, not against it.

A Significant Positive Externality of Education Would Support the Argument