Cost-Benefit Analysis Attempts to

question 117

Multiple Choice

Cost-benefit analysis attempts to

• A)compare the real worth, rather than the market values, of various goods and services.
• B)compare the relative desirability of alternative distributions of income.
• C)determine whether it is better to cut government expenditures or reduce taxes.
• D)compare the benefits and costs associated with any economic project or activity.

---

Definitions:

Foreign Corporation

A company that is registered and operates in a country different from the country where it was incorporated, subject to the laws and regulations of the host country.

Insurance

A financial product that transfers the risk of financial loss from an individual or entity to an insurance company in exchange for premium payments.

Treasury Bond

A Treasury bond is a long-term, fixed-interest government debt security issued by the U.S. Treasury Department with a maturity of more than 10 years.

Singapore

An island city-state in Southeast Asia, known for its strong economy, diverse culture, and strict regulations.