For Certain Intangibles That Cannot Be Measured, It Is Best

question 28

Multiple Choice

For certain intangibles that cannot be measured, it is best to

• A)leave it to the private sector to decide on value.
• B)exclude them from cost benefit analysis, and then calculate how large they must be to reverse the decision.
• C)guess.
• D)reevaluate using the Hicks-Kaldor criterion.

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Definitions:

Dynamic Density

A concept in sociology that refers to the frequency and intensity of interactions among members of a society, often increasing with population density and social complexity.

Greater Resources

Refers to having access to more abundant or higher quality resources, which can influence power dynamics and opportunities within societies.

Empirical Study

A study based on observation or experience, relying on experimental or measurable evidence subject to specific principles of reasoning.

Social Realism

An art movement that focuses on depicting social and political conditions realistically, as in the lives of everyday people, often with a critique of the status quo.