Educated people may generate ideas that increase production.These ideas
A)produce a return to society from education that is greater than the return to the individual.
B)could justify government subsides for education.
C)are external benefits of education.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

All of the given options are correct. 
A) Educated individuals may come up with innovative ideas that can increase production, which can lead to a greater return to society than to that individual. 
B) The government may incentivize education as it can lead to external benefits for society. 
C) The innovative ideas generated by educated people can be seen as external benefits of education.

Educated People May Generate Ideas That Increase Production