Question

Education benefits both students and the community. Suppose that those students who purchase education consider only their own benefits when determining how much education to obtain while schools consider only the cost of producing education when determining how much education to supply. In this situation, the social benefit will be the private benefit and the amount of education produced will be the socially efficient amount.

Answer 1

The correct answers are: greater; below

Step-by-step explanation:

Education is a public good and a human right from which no one should be excluded. To conceive it as a right and not as a service, requires the State to ensure a compulsory and free education to all citizens, because the rights are not bought or traded, UNESCO establishes and defends.

However, the general benefit of education is greater than the sum of benefits that it provides to each individual. In this sense, four positive externalities are identified: (a) Individuals with more education, charge more and pay more taxes. (b) Kangaroo effect: the State from a young age takes care of the children and therefore, the woman can go to work and produce more income. (c) Production externality: an individual with more education will produce more production and therefore more income. (d) Cultural externality: a community with a strong cultural base can contribute to fostering values ​​such as tolerance and increasing social cohesion, contributing to the reduction of social conflict.