O-LevelEconomicsThe allocation of resources2281/12 · May/June 2018 · Q61 Mark

The table shows government estimates of the private and external benefits and costs of building a new dam. $ million private benefits 250 external benefits 325 private costs 200 external costs 150 What is the difference between the social benefits and social costs of building the dam?

A$25 million

B$50 million

C$175 million

D$225 million

✓ Correct answer

D: $225 million

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2018 Paper 1 Variant 2, question 6.

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