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  • 2021-04-14
    The results of the aggregate costs and benefits should be compared quantitatively to determine if the costs outweigh the benefits.
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    举一反三

    • A cost-benefit analysis (CBA) should begin with () of all the costs and benefits associated with the project or decision.
    • Market failure in the form of externalities arises when ( ) A: production costs are included in the prices of goods. B: not all costs and benefits are included in the prices of goods. C: the benefits exceed the costs of consuming goods. D: the market fails to achieve equilibrium.
    • thinking in black-and-white terms. A: only if they think the policy is a good one. B: only if the policy change changes the costs of their behavior. C: only if the policy change changes the benefits of their behavior. D: if the policy changes either the costs or benefits of their behavior.
    • People are likely to repond to a policy change A: only if they think the policy is a good one B: only if the policy change changes the benefits of their behavior C: only if the policy change changes the costs of their behavior D: only if the policy change changes either the costs or benefits of their behavior
    • 6. Buying fruit and vegetables costs more, and for many shoppers, the benefits hardly seem worth the extra expense.

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