Cost Benefit Analysis — Quiz

Question 1

A government conducting a cost-benefit analysis must consider

Revolt · Accepted Answer

social and political consequences.

Question 2

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

Revolt · Accepted Answer

the economic costs of each size.

Question 3

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 4

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 5

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 6

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 7

A potential cost for a government leader using a cost-benefit analysis is

Revolt · Accepted Answer

a lower chance of reelection.

Question 8

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

Revolt · Accepted Answer

raising the prices of main and side dishes

Question 9

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

Revolt · Accepted Answer

something negative.

Question 10

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