Each of the following explains why cost-benefit analysis is difficult except
a. there is no price with which to judge the value of a public good.
b. surveys are often biased and unreliable.
c. it is difficult to identify all factors that influence costs and benefits of public goods.
d. government projects rarely have sufficient funding to complete them on time.
d
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In the saving function, autonomous saving is
A) -a + (1 - c)(Y - T). B) (1 - c)Y. C) -a. D) -Y - T.
A given change in either someone's income or net taxes would have a greater effect on their consumption spending the greater their MPC
a. True b. False Indicate whether the statement is true or false
If your aunt in Italy lends you $5,000 to complete your American education, this will be entered on the U.S. balance of payments account as a: a. debit (-)
b. credit (+). c. non-entry, since it will affect Italy's payments but not those of the United States. d. devaluation, since the net value of the American capital stock will be reduced by the amount of your debt.
A price ceiling disrupts markets because the price is set too low
Indicate whether the statement is true or false