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.\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.\na. equilibrium\nb. law of demand\nc. law of supply\nd. negative externality\ne. positive externality

Answer

Brief Explanations:

The statement describes a situation where higher - level education benefits not only the students but also society as a whole by enabling them to provide goods and services. Positive externality occurs when an action by an individual or firm benefits third - parties. Here, the education of students has a positive impact on others in the form of goods and services provided.

Answer:

E. positive externality