A-LevelEconomicsThe price system and the microeconomy9708/32 · May/June 2020 · Q31 Mark

The amount of training undertaken in a mixed economy is not socially optimal. What could explain this? A Experienced educators are a scarce resource. B In a mixed economy training is a public good. C The individual's benefit from training is less than the benefit to society. D Training is a large variable cost for firms.

(a)The amount of training undertaken in a mixed economy is not socially optimal. What could explain this? A Experienced educators are a scarce resource. B In a mixed economy training is a public good. C The individual's benefit from training is less than the benefit to society. D Training is a large variable cost for firms.[1]

Mark scheme

Marking points from the official mark scheme (May/June 2020). The mark or mark type is shown in brackets.

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, May/June 2020 Paper 3 Variant 2, question 3.

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