A-level Paper 1, November 2020Markets and Business Behaviour

A-level Paper 1, November 2020, Q2(a)

Draw an externalities diagram to show the likely impact of the consumption of higher education.

Short answerDraw4 marks

Context

The external benefits of higher education include increased tax revenue, faster economic growth, greater innovation and labour market flexibility.

Original diagram required. See the original question paper for the diagram.

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