Economics · Oct / Nov 2024 · Paper 12 · Question 9
2281Market failure
A government intends to build a new international airport in an area of outstanding natural beauty. What would be an external cost of this decision?
- Athe cost of importing construction materials
- Bthe enjoyment lost by those unable to use the countryside
- Cthe increase in profits for local businesses
- Dthe wages paid to the construction workers
As printed in the paper
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Correct answer: B. the enjoyment lost by those unable to use the countryside
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