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Cost Benefit Analysis Quiz 1 (25 MCQs)

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1. The following are techniques for calculating the cost-benefit for non-market valuation cases, except
2. What do businesses utilize when making decisions among various projects?
3. When is trading with externalities efficient?(according to the coase theorem)
4. Some of the following are matters related to Cost-Benefit Analysis (CBA), except
5. Benefits that only certain groups receive but other groups suffer because of the project are referred to as?
6. In Cost/Benefit Analysis, adding an additional unit pays off as long as:
7. What is the most important fact of the cost-benefit principle?
8. You decide to spend all the money you saved on a new pair of expensive shoes. What is the benefit of your decision?
9. The loss of forest views replaced by residential buildings, in the CBA analysis should be included in the category?
10. If it is difficult to calculate all types of costs and benefits in the CBA analysis, the calculation of the CBA analysis can be done using the?
11. Following situation:You want to relax in a park and you hear noises of playing kids in the background, which are irritating you. What is the correct economical term for the noise?
12. The main problem that becomes the focus of the Cost-Benefit Analysis is?
13. Who is affected by externalities of an economic activity?
14. If the CBA analysis of a project in a country is carried out by referring to the same or nearly the same method of CBA analysis of a project in another country, then the method is called the?
15. What is the impact of underutilization of resources?
16. What is an example of a cost?
17. Which sentence is a example of a benefit?
18. What is the correct formula for gain in surplus?
19. The cost of the next-best use of your money or time when you choose to do one thing rather than another is known as
20. All of the following are possible opportunity costs to the decision to go out for Pizza except
21. Giving up one alternative good or service for another is called
22. The process of quantifying costs and benefits of a decision
23. You choose to study for a test instead of going to a movie with friends. What is the benefit of your choice.
24. All of the following may be benefits of going to school except
25. Policy impact analysis that allows for quantification in different types of units is?

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