Why Is Cost-Benefit Analysis Such a Difficult Job

question 74

Multiple Choice

Why is cost-benefit analysis such a difficult job?
(i) there is no price with which to judge the value of a public good
(ii) surveys are often biased and unreliable
(iii) it is difficult to identify all factors that influence costs and benefits of public goods

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

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Definitions:

Alter-Casting

A tactic in social interaction where one person imposes a role or identity onto another person, often to influence behavior in a desired direction.

Defining the Situation

The process of interpreting or framing a situation to understand its meaning, implications, and what actions should be taken.

Self-Disclosure

The act of revealing personal information or feelings to others, facilitating intimacy and trust in relationships.

Tactical Impression Management

Deliberate strategies and behaviors individuals use to influence how they are perceived by others.