Cost Benefit Analysis — Quiz

Question 1

Which question would a government leader most likely ask when using a cost-benefit analysis to make a decision?

Revolt · Accepted Answer

How will this decision affect people and society?

Question 2

To determine the total economic cost of building a courthouse, a government leader should

Revolt · Accepted Answer

add the cost of labor and materials.

Question 3

Which best explains the economic benefits of building a smaller courthouse instead of a larger one?

Revolt · Accepted Answer

A smaller courthouse would require fewer workers and materials and could open more quickly.

Question 4

In a cost-benefit analysis done by a government, “cost” is defined as

Revolt · Accepted Answer

something negative.

Question 5

What is a potential benefit of offering a health and wellness program to government workers?

Revolt · Accepted Answer

Workers will get sick less and miss fewer days of work.

Cost Benefit Analysis — Quiz Answers