Airport Location Policy Evaluation
A city government is deciding between two locations for a new international airport.
- Location A: Situated in an affluent, politically well-connected suburb. This location is less disruptive to residents but is projected to be 20% less economically efficient over its lifetime due to higher construction costs and less optimal flight paths.
- Location B: Situated in a low-income, less politically organized community. This location is the most economically efficient option but would require the displacement of hundreds of families.
As a policy advisor, you are asked to write a recommendation. Evaluate both options, considering the principles of economic efficiency and fairness. In your response, discuss which outcome might result from political favoritism and propose a course of action for the government, justifying the trade-offs involved.
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CORE Econ
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Economics
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.10 Market successes and failures: The societal effects of private decisions - The Economy 2.0 Microeconomics @ CORE Econ
Evaluation in Bloom's Taxonomy
Cognitive Psychology
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Airport Location Policy Evaluation