A-LevelEconomicsThe price system and the microeconomy9708/33 · May/June 2017 · Q11 Mark
When will an economic activity create an external cost?
- (a)When will an economic activity create an external cost? A when its social cost minus its private cost is negative B when its social cost minus its private cost is positive C when its social cost minus its social benefit is negative D when its social cost minus its social benefit is positive[1]
Mark scheme
Marking points from the official mark scheme (May/June 2017). The mark or mark type is shown in brackets.
- [1] Answer: B
Write your answer and get it marked
On Oracle Prep you can write or photograph your own answer and have it marked by AI against this mark scheme, with feedback on what you missed.
Sign up free →