What is the civic externality associated with education?
A. A well-educated person votes more intelligently and the results of their votes benefits all citizens.
B. A well-educated person does not vote and the results of their votes benefits all citizens.
C. A well-educated person runs for office and their service benefits all citizens.
D. A well-educated person always votes for the opposition, and that hinders the progress of the community.
Answer: A
You might also like to view...
Marginal profit equals the difference between marginal revenue and marginal cost
a. True b. False Indicate whether the statement is true or false
At the interest rate r, the price of a depletable natural resource three years from the present (price in present = P) will be, everything else being equal, which of the following?
a. 3P b. P3 c. P(1 + r)3 d. 3P(1 + r)3
The economy is in equilibrium, TP = TE. Then, net exports fall. As a result, the __________ curve shifts __________, inventory levels unexpectedly __________, and business firms __________ the quantity of good and services they produce
A) TE; upward; rise; increase B) TP; rightward; rise; decrease C) TE; downward; rise; decrease D) TE; downward; rise; increase E) none of the above
Factors that have hampered the increase in the supply of physicians in the U.S. include the following, except:
A. Actions by doctors' unions, like the AMA B. Rising direct expenses for a medical degree C. Higher opportunity cost of medical education and training D. Rising incomes of physicians