This quiz works best with JavaScript enabled. Home > Economics > Welfare Economics > Cost Benefit Analysis > Cost Benefit Analysis – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Cost Benefit Analysis Quiz 4 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The disadvantages of CBA analysis for government projects are, except A) Requires quantitative benefit calculations. B) There must be guaranteed efficient use of economic resources. C) Requires quantitative cost calculations. D) It does not have flexibility so that the benefits received by the community seem far from improving welfare and productivity. Show Answer Correct Answer: B) There must be guaranteed efficient use of economic resources. 2. The loss of forest views that are replaced with residential buildings, in the CBA analysis should be included in the category? A) Tangible Benefits. B) Intangible Benefits. C) Wukud Fee. D) Intangible Costs. Show Answer Correct Answer: D) Intangible Costs. 3. When making a decision, government leaders need to consider the economic, ....., AND ..... consequences. A) Social, political. B) Geographical, cultural. Show Answer Correct Answer: A) Social, political. 4. The following are techniques for calculating cost-benefit for non-market valuation cases, except A) Revealed preference techniques. B) Potential income techniques. C) Averted expenditure techniques. D) Stated preference techniques. Show Answer Correct Answer: B) Potential income techniques. 5. If the CBA analysis of a project in one country is carried out by referring to the method of CBA analysis of a project that is the same or almost the same in another country, then the method is called? A) Benefit Transfer. B) Contingent Valuation. C) Choice Modelling. D) Hedonic Pricing. Show Answer Correct Answer: A) Benefit Transfer. 6. Benefits that only a certain group receives but another group suffers because the project is called a term? A) Real Benefits (Real). B) Pseudo Benefits (Pecuniary). C) Tangible Benefits. D) Intangible Benefits (Intangible). Show Answer Correct Answer: B) Pseudo Benefits (Pecuniary). 7. A ..... is something that happens as a result of something else. A) Consequence. B) Benefit. C) Cost. D) Decision. Show Answer Correct Answer: A) Consequence. 8. The fundamental difference in assessing costs and benefits for private projects and government projects is found in? A) Use of Price Assumptions (Market and Non-Market). B) Funding Sources (Private and Government). C) Nature of Goods (Private and Public). D) Project Objectives (Commercial and Non-Commercial). Show Answer Correct Answer: A) Use of Price Assumptions (Market and Non-Market). 9. True of false, there are state AND federal taxes. A) False. B) True. Show Answer Correct Answer: B) True. 10. What is a cost-benefit analysis? A) The taxes that people pay when they buy something. B) A process that allows businesses and individuals to analyze where to spend money. C) The amount of money required to have or do something. D) None of above. Show Answer Correct Answer: B) A process that allows businesses and individuals to analyze where to spend money. 11. What are examples of benefits? Choose all that apply. A) Increased profits. B) Reduced employee turnover. C) Spending money in the hiring process. D) Additional employee wages. Show Answer Correct Answer: A) Increased profits. 12. What you actually pay for something. A) Explicit Cost. B) Positive Incentives. C) Implicit Cost. D) Negative Incentives. Show Answer Correct Answer: A) Explicit Cost. 13. When the marginal cost is GREATER than the marginal benefit of doing something, you should ..... A) Not do it. B) Do it. Show Answer Correct Answer: A) Not do it. 14. What is NOT a service provided by the government using tax money? A) Sports. B) Military. C) Public Schools. D) Parks. Show Answer Correct Answer: A) Sports. 15. What is something you would pay a sales tax on? A) A new video game. B) Seeing a doctor. C) Going to school. D) Calling 911. Show Answer Correct Answer: A) A new video game. 16. This term means the good things or pros of a business decision. A) Cost. B) Benefit. C) Analysis. D) None of above. Show Answer Correct Answer: B) Benefit. 17. When "thinking like an economist", one should accept an option when A) There are no costs. B) There are no marginal costs. C) The benefits outweigh the costs. D) None of above. Show Answer Correct Answer: C) The benefits outweigh the costs. 18. The following are the steps taken in Cost-Benefit Analysis, except: A) Determine the "point of view", where costs for certain parties can become benefits for other parties. B) Determine what options exist to achieve the goals you have set. C) Calculate the "future value" for each cost and benefit. D) Take decisions and compile CBA reports. Show Answer Correct Answer: C) Calculate the "future value" for each cost and benefit. 19. What is economic cost? A) A negative outcome. B) A positive outcome. C) The price of an item. D) None of above. Show Answer Correct Answer: C) The price of an item. 20. You choose to study for a test instead of going to a movie with friends. What is you cost? A) Getting a good grade on the test. B) Spending money. C) Not going to the movie with friends. D) None of above. Show Answer Correct Answer: C) Not going to the movie with friends. ← PreviousNext →Related QuizzesWelfare Economics QuizzesEconomics QuizzesCost Benefit Analysis Quiz 1Cost Benefit Analysis Quiz 2Cost Benefit Analysis Quiz 3Cost Benefit Analysis Quiz 5Cost Benefit Analysis Quiz 6 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books