According to cost-benefit analysis,a government project should be undertaken as long as the

Question

Quizplus · Accepted Answer

According to cost-benefit analysis, a government project should only be undertaken if the benefits (goods or services produced by the project) exceed the opportunity costs (the value of the resources used to produce the project). Therefore, choice B is the best answer. Choices A and C are incorrect because they suggest that the costs should exceed or equal the benefits, which would not make sense from an economic perspective. Choice D is also incorrect because voter approval is not a sufficient criterion for determining the economic viability of a government project.

According to Cost-Benefit Analysis,a Government Project Should Be Undertaken as Long