Performing cost/benefit analysis involves:
A. only those activities that provide an implicit monetary loss and gain.
B. quantifying the costs and benefits associated with a given activity and deeming the activity worthwhile only if the costs exceed the benefits.
C. quantifying the costs and benefits associated with a given activity and deeming the activity worthwhile only if the benefits exceed the costs.
D. only those activities that provide an explicit monetary loss and gain.
Answer: C
You might also like to view...
Labor unions create ________ unemployment at the higher end of the wage ladder
A) frictional B) cyclical C) structural D) under-reported
The price of a good is the most important determinant of the supply of that good
a. True b. False Indicate whether the statement is true or false
An economic principle that explains why countries produce different goods and services is
A) trade as a percentage of GDP. B) absolute advantage. C) NAFTA. D) comparative advantage.
Your friend Dimitre tells you that he thinks that his favorite basketball team has a 70% chance of winning the next game. This is an example of a(n)
A) objective probability. B) subjective probability. C) risk-averse statement. D) Friedman-Savage preference.