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O-LevelEconomicsThe allocation of resources2281/12 · Oct/Nov 2017 · Q51 Mark

Which of the effects of economic development is an external cost?

Ahigher employment
Bhigher fixed costs
Cincreased production
Dincreased traffic congestion

✓ Correct answer

D: increased traffic congestion

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About this question

Topic
The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2017 Paper 1 Variant 2, question 5.

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