Which of the following is a limitation of cost-benefit analysis?
A) Difficulty choosing the correct discount rate
B) Difficulty measuring the value of a human life
C) Difficulty measuring the dollar value of gains / losses in utility
D) Both a and c are correct
E) All of the above
Correct Answer:
Verified
Q1: Failure to achieve the maximum total net
Q2: Discounting involves _ by (1 + r)t
Q3: Rationality implies that people will always make
Q4: The use of a larger discount rate
Q6: The _ equates the value of a
Q7: Cost-effectiveness analysis is useful in deciding if
Q8: Using the incremental cost-effectiveness ratio, if a
Q9: Money spent on transportation to a medical
Q10: Economists assume people behave rationally. If this
Q11: Lost wages due to a medical disability
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