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Caden Roberts
on Dec 08, 2024

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Education is a ________ good that creates a ________ externality.

A) public; positive
B) private; positive
C) public; negative
D) private; negative

Positive Externality

A benefit received by a third party resulting from an economic transaction in which they were not involved.

Public Good

An offering of goods or services to society's members at no cost, supplied by the government or private parties, aiming not to generate profit.

Private Good

A product or service that is excludable and rivalrous, meaning its consumption by one individual prevents its consumption by another.

  • Comprehend the notion of externalities and their influence on the supply of public goods.
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vanessa ponceDec 11, 2024
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