The Cost- Benefit Analysis Is Fraught with Difficulty

question 52

Multiple Choice

The cost- benefit analysis is fraught with difficulty:

• A)the best policy is no policy.
• B)because economist have a hard time modelling individuals' behaviour.
• C)externalities cannot be appropriately dealt with in this framework.
• D)because the necessary information is prohibitively costly.

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Definitions:

Superstructure

A concept in Marxist theory referring to the cultural, ideological, and institutional structures built upon the economic base of society.

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation and communication systems, power plants, and schools.

Male Dominance

A societal structure where males possess the majority of power, dominating in positions of governmental leadership, ethical oversight, societal advantage, and ownership of assets.

Descent

A term used to describe the process of deriving ancestry or lineage, usually traced through parental lines which can be matrilineal, patrilineal, or bilateral.