What is an externality aspect of education?
A) Education produces a return to society that is greater than the return to the individual.
B) Education produces a return to society that is less than the return to the individual.
C) Education produces costs to society that are greater than the costs to the individual.
D) Education produces costs to the individual that are greater than the costs to society.

Question

Quizplus · Accepted Answer

Education produces positive externalities, meaning it benefits not only the individual receiving the education but also society as a whole. This is because an educated population is more productive and innovative, leading to economic growth and societal advancement. Therefore, the return to society from education is greater than the return to the individual, making it a positive externality.

What Is an Externality Aspect of Education