Fact 1.3.1 Costs Soar for London Olympics
The regeneration of East London, the site of the 2012 Olympic Games, is set to add extra £1.5 billion to taxpayers' bill.
Source: The Times, London, July 6, 2006
Refer to Fact 1.3.1. The cost of regenerating East London ________ an opportunity cost of hosting the 2012 Olympic Games ________.
A) is not; because few people attending the 2012 Olympics will spend much time outside Olympic venues
B) is; if the costs of the East London regeneration is equal to a significant percentage of the total amount spent by London taxpayers to host the 2012 Olympics
C) is; if the regeneration of East London would not occur unless London hosted the 2012 Olympics
D) is not; because regenerating East London is an unnecessary expense
E) is; if the property taxes of people living in East London increase
Correct Answer:
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