Most economists believe that there are positive externalities in education. One can conclude that a free market would fail to give the socially optimal outcome because the equilibrium:
a. price and quantity would be too high.
b. price would be too low and quantity would be too high.
c. price and quantity would be too low.
d. price would be too high and quantity would be too low.
e. price and quantity would be just right.
Question 2
When there is a positive externality associated with the watering of one's lawn, the free market results in:
a. not enough lawn watering.
b. too much lawn watering.
c. the socially optimal level of lawn watering.
d. people watering each other's lawns.
e. government subsidies for lawn watering.
Continuous positive airway pressure (CPAP) device. The sleeping subject is receiving the benefits of
Positive and Negative Symptoms of Schizophrenia
Nonverbal communications convey strong, powerful messages that may be negative or positive.
The main avenue to the upward social mobility reviewed in the text has been higher education.
Race-Ethnicity and Education
The Gender Pay Gap, by Education