True or False: The primary benefit of education as a positive externality in consumption is solely the improvement of an individual's job prospects, with no significant impact on society as a whole.

The statement is false because the benefits of education as a positive externality go beyond just improving an individual's job prospects. When people receive a good education, they often contribute more effectively to society by being more informed citizens, participating in civic activities, and making better decisions that can benefit the community. For example, a well-educated person might volunteer more, engage in local issues, or help others in their community, which creates a ripple effect of positive change. This means that education not only helps individuals but also strengthens the fabric of society as a whole, leading to better economic growth and social stability. Therefore, the impact of education extends far beyond personal job opportunities.