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
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To what phenomenon does "Solow's Paradox" refer?
A) the failure of the Solow growth model to incorporate endogenous growth variables B) the absence of any measured effect of new computer technology on productivity statistics. C) the absence of any long term effect of saving on economic growth rates in the Solow growth model D) the failure of the Solow growth model to predict non-convergence of poor countries
An increase in a small open economy's government budget deficit that reduces national saving and the current account balance causes an
A. increase in exports. B. increase in absorption. C. increase in desired saving. D. increase in the world real interest rate.