Economics 9708 · AS & A Level · Scarcity, choice and opportunity cost

Scarcity, choice and opportunity cost — practice question

A government has enough funds to finance two transport projects. It must choose from four projects, each of which has a social cost of $200 million. The table lists the benefits of the projects. Which two projects should the government select?

  • A1 and 2
  • B1 and 4
  • C2 and 3
  • D3 and 4

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