If education has private benefits to an individual as well as external benefits to society, explain why

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If education has private benefits to an individual as well as external benefits to society, explain why a less-than-optimal amount of education occurs.

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Question Posted: Nov 27, 2015 02:27 AM

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If education has private benefits to an individual as well as external benefits to society, explain why

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People take into account only their own costs and benefits o...View the full answer

Microeconomics

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