A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2010 · Q151 Mark

How would net external benefit be calculated?

Aexternal benefit minus external cost

Bexternal benefit plus private benefit

Cprivate benefit plus social benefit

Dsocial benefit minus private cost

✓ Correct answer

A: external benefit minus external cost

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2010 Paper 1 Variant 2, question 15.

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