Education confers positive externalities because _____
A)some education is done outside the market.
B)curricula are regulated by the government, even in private schools.
C)an educated person consuming education gains many personal benefits.
D)an educated person behaves in a way that benefits others.
E)education gives benefits to individuals in excess of the costs they pay to get it.

Question

Quizplus · Accepted Answer

Externalities refer to the spillover effects that impact individuals who are not directly involved in a particular economic activity. Education confers positive externalities because an educated person is more likely to behave in a way that benefits others, leading to positive spillover effects in society. For example, an educated person may be more likely to volunteer or contribute to their community, leading to positive effects on others in that community.

Education Confers Positive Externalities Because _____