One of the pitfalls of cost-benefit analysis is that indirect benefits must be estimated but no strict standards are used.

Question

Quizplus · Accepted Answer

Indirect benefits, such as improved public health or reduced traffic congestion, are often difficult to quantify and are subject to estimation with varying degrees of accuracy. There are no strict standards for estimating these indirect benefits, leading to potential inconsistencies and subjectivity in the analysis.

One of the Pitfalls of Cost-Benefit Analysis Is That Indirect