A government subsidised a new factory in a rural area to create jobs. It also provided training courses at a college. Objectors claimed the development would destroy an area of natural beauty.
What concepts are involved in this statement?
Select ONE answer:
- economic growth, resource allocation, free market equilibrium
- government intervention, monetary policy, opportunity cost
- public good, market prices, fiscal policy
- supply-side policy, negative externalities, factors of production
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS4 and KS5 classes.
The answer is 4
- Not correct
- Not correct
- Not correct
- Correct
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