A-LevelEconomicsGovernment Microeconomic InterventionMay/June 2011Paper 1 Q151 Mark
What is an advantage, rather than a disadvantage, of cost-benefit analysis in deciding on a government investment project?
AEconomic agents place different values on external costs and external benefits.
BEstimates of external costs and external benefits are included.
CForecasts of future costs and benefits vary over time.
DMiscalculations of the costs are financed by the taxpayer.
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The correct answer is B. This question tests the candidate's understanding of government microeconomic intervention within the Economicssyllabus. The examiner's mark scheme requires...
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