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In a transaction, who receives the private benefit?
A
The decision-maker in the transaction.
B
The third party outside the transaction.
C
The government regulating the transaction.
D
The whole of society affected by the transaction.
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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) Flashcards
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.