Answer the following statement(s) true (T) or false (F)

1. A cost owed in the future is more burdensome than a cost owed now.
2. A benefit received in the future is less valuable than a benefit received now.
3. An economic evaluation that is fully grounded in welfare economics seeks to measure the aggregate social value of the costs and benefits of an intervention--not just the costs and benefits to a particular government agency.
4. Sensitivity analyses in cost–benefit analyses are intended to test the effects on the results of working with a range of discount rates.
5. Ex ante cost–benefit analyses are done before a program or project is implemented.


1. False
2. True
3. True
4. True
5. True

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