Each of the Following Explains Why Cost-Benefit Analysis Is Difficult

question 397

Multiple Choice

Each of the following explains why cost-benefit analysis is difficult except

• A)there is no price with which to judge the value of a public good.
• B)surveys are often biased and unreliable.
• C)it is difficult to identify all factors that influence costs and benefits of public goods.
• D)government projects rarely have sufficient funding to complete them on time.

---

Definitions:

Successful Intelligence

Refers to a theory by Robert Sternberg that suggests intelligence is the ability to achieve success in life based on personal standards, within sociocultural context. It involves analytical, creative, and practical abilities.

Navigate Novel Situations

The ability to understand, manage, and adapt to new and unknown circumstances effectively.

Vernon's Hierarchal Model

A psychological theory that organizes intelligence into a hierarchy, with g (general intelligence) at the top, followed by two major group factors of verbal-educational and spatial-mechanical abilities.

Intelligence

The ability to learn from experience, solve problems, and use knowledge to adapt to new situations.