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:

Predictability

The degree to which the occurrence of an event is predictable based on certain indicators or patterns of behavior.

Violent Media

Forms of media, such as movies, video games, and television shows, that depict acts of physical aggression and violence.

Nonviolent Entertainment

Refers to movies, TV shows, video games, and other forms of amusement that do not include violence or aggressive themes, aiming to provide enjoyment without causing distress through violent content.

Behave Cruelly

Refers to actions or attitudes that intentionally cause harm or suffering to others.