A-LevelEconomicsBasic Economic Ideas and Resource AllocationMay/June 2015Paper 1 Q11 Mark
In 2013, there was much criticism of a government project to build a new high-speed rail link between two cities. What is the most likely reason for abandoning such a project?
AThe construction cost is greater than the running cost.
BThe external cost is greater than the external benefit.
CThe future costs are difficult to calculate.
DThe opportunity cost is too high.
✓ Correct Answer
The correct answer is D: The opportunity cost is too high.
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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