QUESTION 8 Johnny is deciding whether to study hard at university to then get a job or pursue a life of laziness by living off his parents for the rest of his life. Select the item from the list provided to make the following statements true v When deciding whether to go to university, Johnny is likely to consider only his benefit. v To ensure an efficient number of people obtain a university education it is necessary to consider the benefit. v To encourage more university students to enrol, the government should education. university Negative externality Positive externality 2. Tax 3. Subsidise 4. Command and control Negotiate 6. Possible 7. Impossible 8. private g. 10. Efficient 11. Inefficient 12. Social