A newly appointed Minister of Finance is to effectively stimulate the economy within 3 months. He then asks his group of advisors about it and they come up with 3 projects as follows: A. A money transfers of 3,000 THB per month for 3 months to unemployed people; B. Provide attractive co-payment (30% paid by government and 70% paid by travelers) travel packages for tourists to travel within the country for the period of 3 months; C. Build bridges, roads and small dams for a total of 1,000 projects with an emphasis on hiring local people and these projects are to be completed within a 3-months period. The Minister of Finance then contacts the Budget Bureau for the money to do these projects. The Budget Bureau tells him that there is enough money to do only 1 project. The Minister does not sure which project to choose so he turns to you for advice. His questions to you are 1. Which one of the 3 projects should he implements? Explain 2. Why the other 2 projects are not to be implemented? Explain Note: make sure that your answer is economically-sound, logical and includes a discussion on both positive and negative sides of each project.

A newly appointed Minister of Finance is to effectively stimulate the economy within 3 months. He then asks his group of advisors about it and they come up with 3 projects as follows: A. A money transfers of 3,000 THB per month for 3 months to unemployed people; B. Provide attractive co-payment (30% paid by government and 70% paid by travelers) travel packages for tourists to travel within the country for the period of 3 months; C. Build bridges, roads and small dams for a total of 1,000 projects with an emphasis on hiring local people and these projects are to be completed within a 3-months period. The Minister of Finance then contacts the Budget Bureau for the money to do these projects. The Budget Bureau tells him that there is enough money to do only 1 project. The Minister does not sure which project to choose so he turns to you for advice. His questions to you are 1. Which one of the 3 projects should he implements? Explain 2. Why the other 2 projects are not to be implemented? Explain Note: make sure that your answer is economically-sound, logical and includes a discussion on both positive and negative sides of each project.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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