Economics 9708 · AS & A Level · Behavioural economics

Behavioural economics — practice question

(a)[25]

Private sector developers have identified gas supplies that could be profitable and suggested a new extraction technique that would involve drilling in some areas of natural beauty. They claim that a country's resources ought to be used efficiently. Consider whether they may mean the same thing as economists when they refer to the efficient use of resources, and whether private organisations can in practice achieve this kind of economic efficiency.

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