Policy Analysis
Quiz objective:
Understand the basics of cost/benefit analysis; the positives and negatives associated with it.
1.
One of the major positives associated with cost-benefit analysis is that
A) everybody believes in it
B) bias can not enter into the analysis
C) it reduces all variables into dollar amounts, thus making them comparable
D) it is based on an exact science
E) all of the above.
2.
Using the ideals of cost-benefit analysis
A) any project undertaken should produce a benefit that is greater than the cost of the project
B) when several projects all yield net benefits, then the you should undertake the one w/ the greatest net benefit
C) all costs of the project should be undertaken by the government
D) all of the above
E) a and b only
3.
Compared to cost variables, it is _______________ to put dollar amounts on benefit variables.
A) easier
B) more difficult
C) useless
D) not morally correct
E) none of the above
4.
A criticism associated with cost-benefit analysis is
A) assigning dollar values to human life
B) allowing the analysis to make the decision for you
C) that it gives little attention to distributive questions (who benefits, who loses)
D) the number of economic assumptions made in conducting the analysis
E) all of the above
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