Multiple Choice
It is widely known that the marginal social benefit from having a more educated population is greater than the marginal private benefit received from education. Therefore, education creates _____ externalities, and the free market leads to _____ education compared to the social optimal.
A) positive; more
B) positive; less
C) negative; more
D) negative; less
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Which of the following statements is TRUE?<br>A)
Q12: Which of the following actions can help
Q13: The marginal private cost of producing a
Q14: If the marginal external cost of producing
Q15: Desirable effects that are felt by people
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Q19: Use Figure: Negative Externality and Deadweight Loss
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Q21: Use Figure: Externalities and Deadweight Loss I.