What is the main difficulty facing cost-benefit analysts when they attempt to evaluate the worthiness of proposed public projects?
The main difficulty is that cost-benefit analysts have no market price(s) with which to evaluate proposed projects.
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If ration coupons are used to determine who gets the products available, what happens if the government allows individuals to trade them?
What will be an ideal response?
The international organization with the sole goal of promoting global antipoverty efforts is the
A) World Bank. B) International Monetary Fund. C) Board of Governors of the Federal Reserve System. D) GAE.
U.S. labor productivity had slowed down in the 1970s and 1980s, but recent data shows that labor productivity has once again increased in the country
a. True b. False Indicate whether the statement is true or false
For a given level of output, the short-run total cost of production
a. always falls below the long-run total cost of production b. always exceeds the long-run total cost of production c. always equals the long-run total cost of production d. may exceed or equal the long-run total cost of production e. may exceed or fall below the long-run total cost of production