Tourism in a number of countries has been reduced as people are worried that they may be harmed by terrorist. Many governments have increased their spending on the police and armed forces, particularly at airports, but there is an opportunity cost of this policy.
(a)Explain the term ‘opportunity cost’ giving an example from your own experience.[4m]
(b)Describe which factor of production might be most significant in the operation of a luxury Tourist Resort. [4]
(c)Why are governments , and not the private sector ,usually involved in defense
expenditure?[4]
(d)Which sector of production in a developing country has a greater proportion of people working in it, and why? [3]
(e)Explain whether you think that an increase in expenditure on defense might conflict with other government aims.[5]
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