You have been recently hired by the National Works Agency (NWA) to oversee the construction of the May Pen Bypass that will divert the traffic from the city centre. The citizens living in the environs of this road construction requested a meeting with your company. You have been asked to address this group. a. Discuss FOUR economic and FOUR social benefits to this investment. b. Explain FIVE external costs that these citizens may experience while the construction of the road is in progress. c. Discuss TWO strategies that could be adapted to address the costs identified in (b) above.
You have been recently hired by the National Works Agency (NWA) to oversee the construction of the May Pen Bypass that will divert the traffic from the city centre. The citizens living in the environs of this road construction requested a meeting with your company. You have been asked to address this group. a. Discuss FOUR economic and FOUR social benefits to this investment. b. Explain FIVE external costs that these citizens may experience while the construction of the road is in progress. c. Discuss TWO strategies that could be adapted to address the costs identified in (b) above.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter14: Environmental Economics
Section: Chapter Questions
Problem 7SQ
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Question
1
![You have been recently hired by the National
Works Agency (NWA) to oversee the
construction of the May Pen Bypass that will
divert the traffic from the city centre. The citizens
living in the environs of this road construction
requested a meeting with your company. You
have been asked to address this group.
a. Discuss FOUR economic and FOUR social
benefits to this investment.
b. Explain FIVE external costs that these citizens
may experience while the construction of the
road is in progress.
c. Discuss TWO strategies that could be adapted
to address the costs identified in (b) above.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F10ca6e79-dd7a-486b-9223-8146ec6f4d83%2Fb8101ac6-942f-4659-9fdb-2da7943cabb0%2F41odku_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You have been recently hired by the National
Works Agency (NWA) to oversee the
construction of the May Pen Bypass that will
divert the traffic from the city centre. The citizens
living in the environs of this road construction
requested a meeting with your company. You
have been asked to address this group.
a. Discuss FOUR economic and FOUR social
benefits to this investment.
b. Explain FIVE external costs that these citizens
may experience while the construction of the
road is in progress.
c. Discuss TWO strategies that could be adapted
to address the costs identified in (b) above.
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