One of the major difficulties with cost-benefit analysis for big public projects and environmental programs is measuring the nonmarket or intangible aspects of projects.

Question

Quizplus · Accepted Answer

Measuring nonmarket or intangible aspects, such as environmental benefits, cultural heritage, and social impacts, poses a significant challenge in cost-benefit analysis because these elements often lack direct market prices, making their valuation complex and subjective.

One of the Major Difficulties with Cost-Benefit Analysis for Big