Asked by
brookelyn thomas
on Nov 17, 2024
Verified
Before considering any public project, the government should
A) only measure the total benefits of the project.
B) only measure the cost of the project.
C) conduct a cost-benefit analysis and compare the total cost and total benefits of the project.
D) infer that citizens who vote for a project are willing to pay equally for it.
Cost-Benefit Analysis
A process used to evaluate the total anticipated costs of a project compared to its benefits, aiming to determine the best course of action.
- Gain insight into the obstacles and strategies involved in cost-benefit evaluations of public projects.
Verified Answer
MM
Learning Objectives
- Gain insight into the obstacles and strategies involved in cost-benefit evaluations of public projects.