In Practice,assessing the Benefits and Costs of a Proposed Government

question 88

Multiple Choice

In practice,assessing the benefits and costs of a proposed government program is difficult because ________.

• A) the effects of the program may be difficult to determine
• B) many benefits and costs occur in the distant future
• C) some costs and benefits are difficult, perhaps impossible to quantify
• D) all of the above

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Definitions:

Notice of Dishonor

A notification that a negotiable instrument, such as a check or promissory note, has been presented for payment and that payment has been refused.

Banking Day

A business day during which financial institutions are open for business with the public, typically excluding weekends and public holidays.

Calendar Days

The consecutive days on a calendar, including all weekdays and weekend days.

Without Recourse

A term indicating that the seller of an asset is not liable to the buyer for any defects or non-performance.