The above figure shows the marginal benefits and marginal costs of a college education. What is the amount of the external benefit in the figure?

If Joe withdraws a $100 bill from his checking account and Jack deposits another $100 bill in his savings account, by how will M1 and M2 change?

A) M1 will decrease, but M2 will remain the same. B) M1 will increase, and M2 will increase. C) M2 will decrease by $100. D) Both M1 and M2 will remain the same. E) M1 will remain the same, and M2 will increase.

People over age 65 have higher poverty rates than those under age 18

Indicate whether the statement is true or false