Which one of the following statements is true?
a. Cost-benefit analysis can give an accurate measure of all costs and benefits
b. Cost-effectiveness analysis is always preferred to cost-benefit analysis
c. Some costs and benefits will not be quantifiable in many cost-benefit analyses
d. Policymakers should never use cost-benefit analysis due to its analytical weaknesses
e. Cost-effectiveness analysis relies on economic techniques to determine policy objectives Feedback
Ans: c. Some costs and benefits will not be quantifiable in many cost-benefit analyses
You might also like to view...
Use the following information to answer the question below. It is the custom for paper mills located alongside the Layzee River to discharge waste products into the river. As a result, operators of hydroelectric power-generating plants downstream along the river find that they must clean up the river's water before it flows through their equipment. In the situation described above, we would expect an
A. underproduction of paper in the mills. B. overproduction of paper in the mills. C. attainment of allocative efficiency in the market. D. external cost resulting from the production of hydroelectric power.
Jack Dorsey is the Chief Executive Officer of Twitter as well as a member of Twitter's board of directors. Dorsey is therefore classified as an
A) independent director. B) inside director. C) unbiased director. D) outside director.
___________ refers to the inability to stop thinking about work or doing work. Also that work is the most pleasurable part of life
a. Reactivism b. Workaholism c. Procrastination d. Obsessing
Engel's Law, relating to the demand for food,
a. states that food demand is inelastic b. holds more strongly in developed countries c. indicates why the food sector experiences more than proportionate increases in quantities demanded as incomes rise d. shows why food demand expands as citizen education improves e. was only relevant when established in the 1800s