A Cost-Benefit Analysis of a Highway Is Difficult to Conduct

question 82

Multiple Choice

A cost-benefit analysis of a highway is difficult to conduct because analysts

• A)cannot estimate the explicit cost of a project that has not been completed.
• B)are unlikely to have access to costs on similar projects.
• C)are not able to consider the opportunity cost of resources.
• D)will have difficulty estimating the value of the highway.

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Definitions:

Petroleum

A naturally occurring, flammable liquid found in rock formations, composed of a complex mixture of hydrocarbons and used as a fuel and in the production of various chemicals.

Energy Efficiency

The practice of using less energy to provide the same service or achieve the same outcome, thereby reducing energy waste and increasing sustainability.

Energy Inputs

The amount of energy used to produce goods or services, an important factor in the efficiency and environmental impact of production processes.

Domestic Energy Sources

Various forms of energy production and resources found within a country's borders, including fossil fuels, renewables, and nuclear power.