Author Question: One reason that education has external benefits is that A) knowledge has diminishing marginal ... (Read 23 times)

dejastew · **on:** Jun 29, 2018

One reason that education has external benefits is that

A) knowledge has diminishing marginal productivity.
B) education creates job opportunities for teachers.
C) education creates better citizens.
D) property owners pay taxes to support the school system.

Question 2

In the above figure, if the budget line shifts from RT to RS, the income effect is illustrated by the move from

A) a to b.
B) a to c.
C) b to c.
D) T to S.