Cost-Benefit Analysts Often Encounter the Problem That Those Who Would

question 119

Multiple Choice

Cost-benefit analysts often encounter the problem that those who would benefit from government provision of a public good tend to

• A)overstate the benefit they would receive from the public good and those who would be harmed by government provision of a public good tend to overstate the costs they would incur from the public good.
• B)overstate the benefit they would receive from the public good and those who would be harmed by government provision of a public good tend to understate the costs they would incur from the public good.
• C)understate the benefit they would receive from the public good and those who would be harmed by government provision of a public good tend to overstate the costs they would incur from the public good.
• D)understate the benefit they would receive from the public good and those who would be harmed by government provision of a public good tend to understate the costs they would incur from the public good.

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Definitions:

Caption

A caption is a brief explanation or description accompanying an illustration, photo, or diagram, often providing context or additional information.

Sustainable Competitive Advantage

A long-term strategy that a company possesses, which enables it to remain more competitive than its rivals, leading to greater sales or margins and retaining loyal customers.

Strategic Focus

The act of concentrating a company's efforts and resources on a particular business strategy or goal to achieve competitive advantage.

Core Competency

A defining strength or advantage of a business, critical to its success and difficult for competitors to imitate.