Cost- Benefit Analysis

question 75

Multiple Choice

Cost- benefit analysis:

• A)makes sure that the government can compensate all the losers.
• B)stresses the importance of the distribution of benefits across economic agents.
• C)makes sure there are more winners than losers.
• D)a project is undertaken if the net social benefit is positive.

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Definitions:

Needed Help

Requires assistance or support, possibly due to facing difficulties or being unable to resolve an issue independently.

Group Cohesiveness

The extent to which members of a group remain together and are united in the pursuit of common goals.

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.

Groupthink

A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.