Education is an example of a good that is "free," since an improvement in education leads to an outward shift in the production possibilities curvE.

Question

Quizplus · Accepted Answer

Education is not "free" in the economic sense; it requires resources to provide. However, it can be considered a public good because its benefits extend beyond the individual to society as a whole, potentially leading to an outward shift in the production possibilities curve by improving the overall productivity of the workforce.

Education Is an Example of a Good That Is "Free