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Classify each statement as a positive externality associated with education or a negative externality associated with education. Positive externalties of education Negative externalities of education Answer Bank a higher voter participation rate reduced welfare dependency an increased standard of living lower crime rates

Classify each statement as a positive externality associated with education or a negative externality associated with education. Positive externalties of education Negative externalities of education Answer Bank a higher voter participation rate reduced welfare dependency an increased standard of living lower crime rates

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Title: Understanding Externalities in Education Instructions: Classify each statement as either a positive externality or a negative externality associated with education. **Positive externalities of education:** - A higher voter participation rate - Reduced welfare dependency - An increased standard of living - Lower crime rates **Negative externalities of education:** (Currently empty; this exercise assumes no negative externalities are considered in this context.) **Answer Bank:** - A higher voter participation rate - Reduced welfare dependency - An increased standard of living - Lower crime rates Use the statements in the answer bank to fill in the appropriate categories for positive or negative externalities of education. In this exercise, all listed impacts are positive.
Transcribed Image Text:Title: Understanding Externalities in Education Instructions: Classify each statement as either a positive externality or a negative externality associated with education. **Positive externalities of education:** - A higher voter participation rate - Reduced welfare dependency - An increased standard of living - Lower crime rates **Negative externalities of education:** (Currently empty; this exercise assumes no negative externalities are considered in this context.) **Answer Bank:** - A higher voter participation rate - Reduced welfare dependency - An increased standard of living - Lower crime rates Use the statements in the answer bank to fill in the appropriate categories for positive or negative externalities of education. In this exercise, all listed impacts are positive.
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