Buffer stocks

The table sets out some of the costs and benefits at a particular level of production of a good. Which statement is correct at this level of production?

May/June 2011

When applying social cost-benefit analysis to judge policies aimed at lowering unemployment, what factors would an economist include? changes in crime levels / changes in mental wellbeing / changes in job skills

May/June 2013

The government turned down a plan for a new power station on the grounds that it would not create social benefit. It worked out that private costs were $800 m, private benefits were $900 m and external benefits were $300 m. What had to be the case for the power station’s external costs?

Oct/Nov 2016

The production of a good gives rise to a constant marginal external cost at every output level. Which value of price elasticity of demand for the good would lead to the largest deadweight welfare loss caused by the externality?

Oct/Nov 2019

Which category of good is best suited to a successful buffer stock scheme?

Oct/Nov 2025