Which of the following is not a reason that the findings of cost-benefit analyses on public goods are only rough approximations?
a. Without prices, it is difficult to be sure how much people really value a good.
b. Analysts can't be sure that the respondents to surveys are telling the truth.
c. Analysis must include not only the cost of building the project but also the cost of maintenance, if any.
d. People value goods differently if they are publicly provided rather than privately provided.
d
You might also like to view...
Which of the following influences people's buying plans and does not shift the demand curve?
A) the price of the good B) the prices of related goods C) income D) preferences
One method of addressing an excess demand in a market that is created by a price ceiling is to
a. decrease price b. ration the good c. create a price floor d. decrease supply e. have the government buy up the surplus