O-LevelEconomicsThe allocation of resources2281/12 · May/June 2023 · Q81 Mark

What might be an external benefit of an increase in the number of university graduates in an economy?

Aan increase in revenue for the universities from fee-paying students

Ban increase in tax revenue from a more productive labour force

Can increase in graduate employment as a percentage of the working population

Dan increase in wages for graduates

✓ Correct answer

B: an increase in tax revenue from a more productive labour force

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2023 Paper 1 Variant 2, question 8.

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