Cost Benefit Analysis Answers

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

A
something positive.
B
a wise choice.
C
something negative.
D
a bad choice.
2
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To determine the total economic cost of building a courthouse, a government leader should

A
multiply the cost of labor by the cost of materials.
B
add the cost of labor and materials.
C
subtract the cost of labor from materials.
D
divide the cost of labor by the cost of materials.
3

The chart below shows the economic costs of two school lunches.

Question illustration
A
beverage.
B
main course.
C
dessert.
D
side dish.
5

An important part of a cost-benefit analysis is identifying

A
social customs.
B
economic consequences.
C
economic forecasts.
D
social reforms.
6

When deciding whether to build a small or large courthouse, a government leader should identify

A
the social benefits of each size.
B
the economic costs of each size.
C
the political benefits of each size.
D
the political costs of each size.
7

Which is an economic effect of adding healthier options to a school lunch program?

A
raising the prices of main and side dishes
B
eliminating desserts from the menu
C
lowering the prices of main and side dishes
D
eliminating side dishes from the menu
8

A government conducting a cost-benefit analysis must consider

A
political and legislative consequences.
B
political and unintended consequences.
C
social and legislative consequences.
D
social and political consequences.
9

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

A
Workers will have to pay less for lunches they buy at work.
B
Workers will get sick less and miss fewer days of work.
C
Workers will have to pay more for lunches they buy at work.
D
Workers will get better faster and miss fewer days of work.
10

Which steps are part of doing a cost-benefit analysis? Select three options.

A
predicting costs
B
identifying outcomes
C
comparing costs
D
calculating costs
E
delaying decisions

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