If the government decides to build a new highway,the first step would be to conduct a study to determine the value of the project.The study is called a
A) fiscal analysis.
B) monetary analysis.
C) welfare analysis.
D) cost-benefit analysis.

Question

Quizplus · Accepted Answer

A cost-benefit analysis is used to determine whether the benefits of a project outweigh the costs. This type of study considers both the monetary costs and the intangible benefits, such as increased safety or reduced congestion, to determine the overall value of the project.

If the Government Decides to Build a New Highway,the First