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3.8 Limitations of markets

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Question 20

Priya pays a college for a course in electrical installation. Which consequence of her taking the course is an external benefit?

[1]
A

Colleagues at her workplace pick up skills by working alongside her

B

The college receives Priya's fee for running the course

C

Priya's drive to the college adds to traffic for local residents

D

Priya earns a higher wage once she has gained her qualification

Markscheme

3.8 Limitations of markets Questions

  1. GCSE
  2. /Economics
  3. /3.8 Limitations of markets

127 exam-style questions on OCR GCSE Economics 3.8 Limitations of markets, covering 3.8.1 Positive and negative externalities, 3.8.2 Policies to correct externalities, 3.8.3 Impact of externality policies, and 3.8.4 Costs and benefits of externality policies. Each one has a worked solution and a mark scheme showing where the marks go.

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