◈ Oracle PrepSign Up Free
O-LevelEconomicsThe allocation of resources2281/13 · Oct/Nov 2024 · Q91 Mark

What is external benefit?

Aprivate benefits minus private costs
Bprivate benefits plus social benefits
Csocial benefits minus private benefits
Dsocial benefits plus social costs

✓ Correct answer

C: social benefits minus private benefits

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill The allocation of resources and see which topics are most likely to come up next.

Sign up free →

About this question

Topic
The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2024 Paper 1 Variant 3, question 9.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Economics questions

The allocation of resourcesMay/June 20101m

What is likely to be found when there are many small firms in an industry?

The allocation of resourcesMay/June 20111m

What is an advantage of the market economic system?

The allocation of resourcesMay/June 20111m

Which pair of economic institutions can be found in a market economy?

Microeconomic decision makersMay/June 20121m

A trade union negotiates a basic weekly wage for its members with all employers in an industry. In addition to the ba…

Microeconomic decision makersMay/June 20121m

What might cause a rise in the proportion of income that a person saves?

Microeconomic decision makersMay/June 20121m

For anything to be used as money, it must be

← Browse all past-paper questions

© 2026 Oracle Prep