In the Cost-Benefit Analysis of Public Goods,the Benefits

question 119

Multiple Choice

In the cost-benefit analysis of public goods,the benefits

• A)Can be accurately measured using the market price of the public good.
• B)Can be accurately measured by ballot box economics.
• C)Are more easily estimated than the costs.
• D)Can be only roughly estimated using highly subjective techniques.

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Definitions:

Interest Rate

The interest rate is the cost of borrowing money expressed as a percentage of the total amount loaned, typically noted on an annual basis.

Income

The revenue collected, generally on a routine basis, from work performed or earnings from investments.

Present Value

A financial concept that calculates the current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Interest Rate

The proportion of a loan charged as interest to the borrower, typically expressed as an annual percentage of the loan's outstanding balance.