Assuming a Full-Employment Economy, Which of the Following Should Not

question 15

Multiple Choice

Assuming a full-employment economy, which of the following should not be included as a benefit of a government project to build a new highway when doing a cost-benefit analysis?

• A)The income of construction workers employed to build the highway
• B)The value of the time saved on trips between points to be served by the new highway
• C)The increase in retail sales at sites bordering the highway
• D)Both (a) and (c) are correct.

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Definitions:

Expected Activity Times

Predicted durations for tasks or activities within a project, often based on historical data and used in planning and scheduling.

CPM Network

Critical Path Method Network, a project management tool that models tasks and their dependencies as a network to identify key deadlines and the longest stretch of dependent activities.

Predecessors

Refers to elements or tasks that must be completed before a certain task or element can begin in scheduling and project management.

Successor

An entity or individual that follows or comes after another in a specific role, position, or sequence.