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Economics · May / June 2018 · Paper 22 · Question 2

2281

As printed in the paper

The question as text

Swaziland is a small African country where six in ten people live in poverty and most firms are small and use little capital equipment. In October 2015 it opened a new airport. Some economists suggest that the building of the airport involved a high opportunity cost and caused a range of external costs. The building of the airport is part of the government’s plan to turn the country from a developing into a developed country.

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Show the answer and mark scheme
  • 2(a)[2]

  • 2(b)[4]

  • 2(c)[6]

  • 2(d)[8]

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