Economics 9708/32 — February/March 2019
Cambridge A-Level · A Level Multiple Choice · answer key with instant marking and worked solutions
Topics Economic Development and Living Standards · Externalities, Social Costs and Benefits · Indifference Curves and Budget Lines · Objectives and Pricing Policies of Firms · Performance of Firms in Different Market Structures · Wage Determination and Labour Market Intervention · +16 more
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A project has a social cost of $100 million, a private cost of $40 million and an external benefit of $20 million. Its net social value is zero.
What can be concluded about the project?
Options
A External cost is greater than external benefit.
B Private cost is greater than external cost.
C Private cost is greater than private benefit.
D Social cost is greater than social benefit.
The rest of this paper
29 more questions- Q2Efficiency and Market Failure1M
- Q3Externalities, Social Costs and Benefits1M
- Q4Utility Theory1M
- Q5Indifference Curves and Budget Lines1M
- Q6Indifference Curves and Budget Lines1M
- Q7Objectives and Pricing Policies of Firms1M
- Q8Objectives and Pricing Policies of Firms1M
- Q9Performance of Firms in Different Market Structures1M
- Q10Costs of Production · Performance of Firms in Different Market Structures1M
- Q11Short-Run and Long-Run Production1M
- Q12Revenue and Profit1M
- Q13Equity, Poverty and Redistribution1M
- Q14Wage Determination and Labour Market Intervention1M
- Q15Government Policies to Correct Market Failure1M
- Q16Demand for and Supply of Labour · Wage Determination and Labour Market Intervention1M
- Q17Externalities, Social Costs and Benefits1M
- Q18Economic Growth and Sustainability1M
- Q19Economic Development and Living Standards1M
- Q20Economic Development and Living Standards1M
- Q21Economic Development and Living Standards1M
- Q22Economic Development and Living Standards1M
- Q23The Multiplier and National Income Determination1M
- Q24Components of Aggregate Demand1M
- Q25Money and Banking1M
- Q26Economic Development and Living Standards · Characteristics of Countries at Different Levels of Development1M
- Q27Employment and Unemployment1M
- Q28Employment and Unemployment1M
- Q29Macroeconomic Objectives and Policy Conflicts1M
- Q30Balance of Payments and Policies to Correct Disequilibrium1M