select the correct answer.\nwhat economic concept is applied in this statement?\nby earning higher levels of…

select the correct answer.\nwhat economic concept is applied in this statement?\nby 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.\n\na. equilibrium\nb. law of demand\nc. law of supply\nd. negative externality\ne. positive externality

select the correct answer.\nwhat economic concept is applied in this statement?\nby 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.\n\na. equilibrium\nb. law of demand\nc. law of supply\nd. negative externality\ne. positive externality

Answer

Brief Explanations:

The statement describes how higher - level education benefits society as a whole. Positive externality occurs when an action by an individual or firm benefits others who are not directly involved. Here, students getting higher education and using skills to provide goods and services to others is a positive externality. Equilibrium refers to a state of balance in a market, law of demand and supply are about price - quantity relationships, and negative externality is when an action causes harm to non - involved parties.

Answer:

E. positive externality