Asked by kyaira jackson on Jul 30, 2024
Verified
Education is an example of a positive externality.
Positive Externality
A benefit that affects a party who did not choose to incur that benefit, often leading to underproduction of the good or service in absence of intervention.
Education
The systematic process of facilitating learning, acquiring knowledge, skills, values, and attitudes.
- Differentiate between positive and negative externalities.
Verified Answer
ZK
Zybrea KnightAug 06, 2024
Final Answer :
True
Explanation :
Education benefits not only the individual receiving the education but also society as a whole through higher levels of productivity, better health outcomes, and increased civic engagement, among other positive effects.
Learning Objectives
- Differentiate between positive and negative externalities.