A Cost-Benefit Analysis Is a Part of the Detailed

question 4

Multiple Choice

A cost-benefit analysis is a part of the detailed

• A)operational feasibility study
• B)schedule feasibility study
• C)legal feasibility study
• D)economic feasibility study

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Definitions:

World Trade Organization

An international organization that regulates trade between nations to ensure that trade flows as smoothly, predictably, and freely as possible.

International Trade Agreements

Treaties in which a country promises to engage in less trade protection against the exports of other countries in return for a promise by other countries to do the same for its own exports.

Autarky

An economic condition or system in which a country is self-sufficient and does not engage in international trade.

Consumer Surplus

The gap between the maximum sum consumers are ready to pay for a product or service and the sum they ultimately spend.