Which of the Following Statements Is True of Cost-Benefit Analysis

question 160

Multiple Choice

Which of the following statements is true of cost-benefit analysis?
(i) the best way to ascertain the value people put on a good is to ask them
(ii) the analysis should take into account only explicit costs and benefits
(iii) cost-benefit analyses often attempt to value goods for which there are a wide range of social impacts

• A)(i)
• B)(ii) and (iii)
• C)(iii)
• D)(i), (ii) and (iii)

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Definitions:

Moral Regulation

The act of controlling individuals' behaviors and choices according to societal standards of morality, often enforced through laws or social policies.

Moral Crusader

An individual who actively campaigns for what they perceive to be right or just, often with a focus on moral or ethical issues.

Safe Streets and Communities Act

A piece of Canadian legislation aimed at improving the safety of public spaces and communities through stricter crime and punishment measures.

Sociological Approach

A way of understanding human behavior and its impact on society through the study of social structures, interactions, and systems.