Priya decides to stay in full-time education until she is 18. The firms that later employ her gain a more skilled worker without paying for her education. Which statement about Priya's decision to stay in education is correct?
Its private benefit is greater than its social benefit
Its social benefit is greater than its private benefit
Its external benefit is greater than its social benefit
Its social benefit is equal to its private benefit
83 exam-style questions on AQA GCSE Economics 1.6 Market failure, covering 1.6.1a Market failure as misallocation of resources, 1.6.1b Government intervention, 1.6.2a Defining externalities, and 1.6.2b Positive and negative externalities. Each one has a worked solution and a mark scheme showing where the marks go.