How Would National Security Be Valued in Benefit-Cost Analysis

question 32

Multiple Choice

How would national security be valued in benefit-cost analysis?

• A) Public goods like national security are excluded from benefit-cost analysis because valuation of benefits from such goods is not possible.
• B) Goods like national security are valued at $0 since national security is not provided through private markets so there is no market price as a reference.
• C) Goods like national security are valued using surveys and indirect proxies based on market prices.
• D) The value of a public good like national security is the difference between the taxes paid to the government and the salaries paid to army personnel.
• E) The value of national security is equal to the difference between revenues and expenses in the government's defense budget.

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Definitions:

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Family Norms

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The process of obtaining or procuring assets or investments, potentially through purchase, merger, or takeover.