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Andreyy89
2 years ago
14

College education provides higher income for the individual but also a more productive and more educated person who will contrib

ute to society in many ways. Higher education is an example of:a) a positive externality.b) a negative externality.c) a non-excludable service.d) adverse selection.
Business
1 answer:
kakasveta [241]2 years ago
4 0

Answer:

a) a positive externality

Explanation:

Higher education is a clear example of a positive externality. This is because producing highly educated individuals provides a large number of benefits to the overall society that was not part of creating this college graduate, therefore being a third-party but still benefiting from this scenario. The benefits that a highly trained and educated individual can bring to a society is huge and affects different areas such as architecture, economics, society wellness, etc.

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