Suppose That Policymakers Are Doing Cost-Benefit Analysis on a Proposal

question 166

Multiple Choice

Suppose that policymakers are doing cost-benefit analysis on a proposal to add traffic barriers to divide the flow of traffic in an effort to increase safety on a given highway.Which of the following statements is correct?

• A) The benefits are usually easier to measure than the costs.
• B) Because human life is priceless, any measure to increase traffic safety would generate benefits that outweigh the costs.
• C) Estimating the value of a human life is difficult but necessary in order to evaluate the proposal.
• D) Both a and b are correct.

---

Definitions:

Business Proposition

A value statement that outlines what value a company offers to its customers, how it does so, and why it's unique or better than competitors.

Networking Software

Programs that enable computers and devices to communicate over a network, facilitating data exchange, resource sharing, and communication.

Customer Benefit Plan

A plan that contains the nucleus of information used in the sales presentation.

Business Relationships

Connections and interactions between individuals or organizations that are based on professional interests and aimed at mutual benefits.