8
Select the correct answer.
What economic concept is applied in this statement?
By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods
and services to others.
OA equilibrium
OB. law of demand
OC law of supply
OD. negative externality
OE positive externality
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ghts reser

Question

07-05-2022
Business

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8
Select the correct answer.
What economic concept is applied in this statement?
By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods
and services to others.
OA equilibrium
OB. law of demand
OC law of supply
OD. negative externality
OE positive externality
Reset
Next
ghts reser

Sagot :

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amcool amcool · Answer 1 · 2022-05-19T04:35:02-04:00

Based on the explanation below, the economic concept that is applied in this statement is positive externality.

Meaning of positive externality

Positive externality can be described as a situation whereby the production or consumption of a commodity benefits some unrelated third party.

When education is consumed, for example, the consumer receives a private benefit, but there are also societal benefits.

Learn more about externalities here: https://brainly.com/question/14259859.

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Sagot :

Meaning of positive externality

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