Suppose the Government Can Pursue Up to Three Projects

question 32

Multiple Choice

Suppose the government can pursue up to three projects.The first has benefits of $300 and costs of $270; the second has benefits of $580 and costs of $460; the third has benefits of $90 and costs of $80.Suppose that it costs $0.15 for the government to raise $1 in revenues.Which project should the government pursue?

• A) the first project
• B) the second project
• C) the third project
• D) the project with the largest benefit

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Definitions:

Necessary Skills

Essential abilities or competencies required to perform specific tasks or roles effectively.

Resources

Materials, money, services, and other assets that can be drawn on by a person or organization to function effectively.

Timely

Occurring at a suitable or opportune moment, often implying punctuality or appropriateness in timing.

SMART Goal

A framework for setting goals that are Specific, Measurable, Achievable, Relevant, and Time-bound, enhancing the likelihood of success.