Final answer:
Spillover benefits from college education include both workplace and civic externalities, arising from government-assisted education programs and collaborations between businesses and educational institutions.
Step-by-step explanation:
Examples of spillover benefits associated with a college education include both workplace and civic externalities. These spillover benefits are not confined solely to the individual who receives the education but extend to society as a whole. For instance, government programs that fund education or provide financial assistance via loans or tax incentives can lead to positive spillovers. When businesses collaborate with educational institutions, it facilitates real-world experience for students and supplies companies with skilled workers, contributing to economic growth and innovation. Civic externalities also arise as educated individuals tend to engage more in civic activities, which benefits the community.
Spillover benefits associated with a college education include both workplace and civic externalities. Workplace externalities refer to the positive effects of education on a person's job performance and earning potential. An example of a workplace externality is when a well-educated employee brings new skills and ideas to their workplace, benefiting both the employer and coworkers.