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7.4.2 definition and calculation of social benefits (SB) as the sum of private benefits (PB) and external benefits (EB)

In a transaction, who receives the private benefit?

A

In a transaction, who receives the private benefit?

B

The consumer who buys the good.

C

The producer who sells the good.

D

Third parties who are not involved.

7.4.2 definition and calculation of social benefits (SB) as the sum of private benefits (PB) and external benefits (EB) Flashcards

  1. Intl A Level
  2. /Economics
  3. /7.4.2 definition and calculation of social benefits (SB) as the sum of private benefits (PB) and external benefits (EB)

26 flashcards on CIE Intl A Level Economics 7.4.2 definition and calculation of social benefits (SB) as the sum of private benefits (PB) and external benefits (EB): the key terms and definitions you need to recall.