Public Sector Investment Projects Are Economically Justifiable Only When

question 24

Multiple Choice

Public sector investment projects are economically justifiable only when:

• A) the discounted social benefits exceed the discounted social costs
• B) the internal rate of return exceeds the social discount rate
• C) the benefit-cost ratio exceeds zero
• D) a and b only
• E) a,b,and c

Learn the experimental method as a tool to explore cause-and-effect relationships between variables.

Understand the concept of internal colonialism and its forms in Canada.

Identify and analyze the implications of racism and discrimination in society.

Recognize the historical and contemporary movements for Aboriginal rights in Canada.

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Definitions:

Hindsight Bias

The inclination to feel that one would have foreseen or anticipated the result after an event has taken place.

Other-Race Effect

The tendency to recall faces of one’s own race more accurately than faces of other races. (Also called the crossrace effect and the own-race bias.)

Unconscious Patronization

Actions or speech that belittle someone without the awareness of the person engaging in such behavior.

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome.