7
QuizMultiple Choice

Opportunity Cost

Question 7 • FL-2106010-M/J Civics B-CR

Which term refers to government officials gathering detailed information on the advantages and disadvantages of a public policy decision?

Answer
A
budget review
B
project planning
C
opportunity costs
D
cost-benefit analysis

Explanation

Cost-benefit analysis involves systematically examining the expected advantages and disadvantages of a policy or decision. Government officials use it to compare likely benefits with costs before deciding whether to proceed. Therefore, the correct choice is cost-benefit analysis.

AI-written and checked against the verified answer.

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