A-LevelEconomicsGovernment microeconomic intervention9708/12 · May/June 2010 · Q151 Mark
What makes it particularly difficult to take decisions using cost-benefit analysis?
AExternal costs are difficult to estimate accurately.
BGovernments have no method of valuing time savings.
CMarket forces have no influence on the outcome.
DPrivate costs can vary from one day to the next.
✓ Correct answer
A: External costs are difficult to estimate accurately.
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Government microeconomic intervention and see which topics are most likely to come up next.
Sign up free →