What explains why the social cost of developing tourism on a remote island is greater than the private cost?
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Card 8
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What would not be included in a cost-benefit analysis of a proposed new university?
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Card 9
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What will cause an immediate rise in the size of a country’s labour force?
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Card 10
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A consumer allocates his expenditure over time. What would cause an increase in the opportunity cost of current consumption to the consumer?
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Card 11
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A government proposes to introduce a road congestion charge which would require private motorists to pay a toll for road use. Which statement relating to the proposal is normative?
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Card 12
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What would encourage the growth of the international division of labour?
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Card 13
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In which situation are there definitely positive externalities?
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Card 14
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Correct use of cost-benefit analysis should produce an outcome where
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Card 15
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A lighthouse is considered to be a public good. Which characteristic contributes to this?
