A Research Study Estimates That the Direct Cost of Constructing

question 32

Multiple Choice

A research study estimates that the direct cost of constructing a bridge connecting two boroughs in a city is $10 million.The revenue from the tolls on the bridge is estimated to be $8 million.The dollar value of pollution from the construction is estimated to be $5 million but the dollar value of the benefit to the city's residents is calculated to be $20 million.The construction of the bridge is most likely to be undertaken by:

• A)the government because the total benefits exceed total costs.
• B)a private firm because the total benefits exceed total costs.
• C)the government because revenues exceed costs.
• D)a private firm because revenues exceed direct costs.
• E)a private firm because the revenues exceed indirect costs.

Analyze the economic conditions of the 1970s, including inflation, stagflation, and the impact of OPEC oil price increases.

Examine the responses to environmental and economic crises during the 1970s.

Understand the social and political changes of the 1970s, including shifts in civil rights, environmental awareness, and labor dynamics.

Analyze the achievements and challenges of the Carter administration, both domestically and in foreign policy.

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