Economics (AS & A Level) · Feb / March 2022 · Paper 32 · Question 2
9708Private costs and benefits, externalities and social costs and benefits
What is equivalent to social benefits?
- Athe amount that the government spends on social security benefits
- Bthe benefit gained by society from total government spending
- Cthe benefit to third parties from household consumption of a good
- Dthe private and external benefits from household consumption of a good
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Correct answer: D. the private and external benefits from household consumption of a good
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