A-LevelEconomicsGovernment microeconomic intervention9708/33 · Oct/Nov 2017 · Q31 Mark
A cost-benefit analysis concludes that a nuclear power station project might be socially worthwhile, although it will take 10 years to bring into operation.
- 3Why might a government decide not to undertake the project? A Cost-benefit analysis has no method for valuing the long-term impact of a project. B Cost-benefit analysis is only suitable for private sector projects. C The government believes that the project has too high an opportunity cost. D The government's policy is to restrict the extent of the market system.[1]
Mark scheme
Marking points from the official mark scheme (Oct/Nov 2017). The mark or mark type is shown in brackets.
- [1] C
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