select the correct answer. what economic concept is applied in this statement? by earning higher levels of…

select the correct answer. what economic concept is applied in this statement? by 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. a. equilibrium b. law of demand c. law of supply d. negative externality e. positive externality

select the correct answer. what economic concept is applied in this statement? by 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. a. equilibrium b. law of demand c. law of supply d. negative externality e. positive externality

Answer

Brief Explanations:

Positive externality occurs when an individual's action (higher - level education here) benefits others. Students getting higher education gain skills, get employed and provide goods and services to others, which is a positive impact on society. It's not equilibrium (balance of supply and demand), law of demand (price - quantity relationship), law of supply (price - quantity relationship for producers), or negative externality (harm to others).

Answer:

E. positive externality