Which of the following is an externality aspect of education? A. Education produces a return to...

Which of the following 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 costs to society that are greater than the costs to the individual.

C. Education produces a return to society that is less than the return to the individual.

D. Education produces costs to the individual that are greater than the costs to society.

\

Expert Solution

(a) Education produces a return to society tha is greater than the return to the individual.

because:

A better learned or educated worker would be able to contribute more to the society than to an illiterate worker and he will take less time to be trained and can contribute more to its capacity wth its intellctual capability.

Innovation and learning by doing will increase the productivity of an individual but will also foster the great participation of individual and decision making in societies where educated people have greater opportunities.

Higher education will pay you greater earnings which will lead to an individual growth and increase in education of labour wil give high economic output. Higher earning to an individual represent the reward which gives an individual a social status in the society

Thus, education produces a return to the scoiety that is greater than the return to the individual.

Rahul Sunny answered 2 years ago

Which of the following is not an example of an externality?

Which of the following is not an example of an externality? A drought increases the price of meat Acid rain affects agricultural production A factory discharges waste into a local river Flowers are planted on street verges in a city The most efficient goal for society with regard to the environment is to clean up pollution until: All pollution is eliminated The total benefit from pollution cleanup is maximised We have eliminated all pollution that does not cost us...

What are the main ways in which the private return and the social return to education...

What are the main ways in which the private return and the social return to education differ? (Word limit 150)

Which of the following is NT an example of a negative externality?

Which of the following is NT an example of a negative externality? Select one: a. pollution from the chemical plant located near your house b. a defective auto part that causes your car to break down c. loud noises from your neighbor's late night parties d. fertilizer from a commercial farm that is carried to your yard during rains

Which of the following describes how an externality can affect a market? A positive externality can...

Which of the following describes how an externality can affect a market? A positive externality can lead to overproduction. A negative externality can lead to over-production. Prices in a competitive market reflect the full costs and benefits of production. The cost of externalities can always be quantified and "internalized" by a party to the transaction. Which of the following is a function of corporate capital budgeting? To evaluate the performance of managers. To encourage managers to consider problems before they...

1. To economists, which of the following is true of pollution? A. It is an externality....

1. To economists, which of the following is true of pollution? A. It is an externality. B. It is always produced by third parties. C. It is never caused by the consumers of the good, only by the producers. D. It is never caused by the producers of the good, only by the consumers. 2.The free-rider problem is most likely to occur in which of the following cases? A. A lighthouse B. Buying apples at a farmers’ market C. Visits...

substantial subsidies to college education, assuming that there is a positive externality to acquiring a quiring...

substantial subsidies to college education, assuming that there is a positive externality to acquiring a quiring a collage degree large taxes or penalties for farmers who overuse pesticides and fertilize, causing excessive runoff into public waterways negative externality 3- tariffs on imported goods. what is the efficiency argument for or against of these three questions ? in brief

Which of the following is an aspect of functional strategy? It is customized to a specific...

Which of the following is an aspect of functional strategy? It is customized to a specific functional area of the company Deliberately chooseing a different set of multy-functional activities to deliver value uniquely Combines overal corporate end goals for which the firm is striving and means to get there Determines the business in which a company will compete

2.Which of the following is NOT an aspect of commercial paper? (A)They are sold with no...

2.Which of the following is NOT an aspect of commercial paper? (A)They are sold with no more than 270 days to maturity. (B)Liquidity “dries up” beyond about 90 days to maturity. (C)They are backed by a revolving line of credit. (D)They can be issued by companies that have credit ratings of at least B (“Single B”)

Briefly explain why education confers positive externality. Depict the market for education where social benefit exceeds...

Briefly explain why education confers positive externality. Depict the market for education where social benefit exceeds private benefit. Explicitly show the equilibrium and socially optimal quantities.

Question Briefly explain why education confers positive externality. Depict the market for education where social benefit...

Question Briefly explain why education confers positive externality. Depict the market for education where social benefit exceeds private benefit. Explicitly show the equilibrium and socially optimal quantities.

Question