Course Code eco329 Question The impact of a project is the difference between what the situation in the study area would be with and without the _____ Answer project Question _____ recognize that it is impossible to fund every project which promises to save a human life and that some rational basis is needed to select which projects are approved and which are turned down Answer Economists Question The relationship between the market price and the quantity consumed is called the ____ Answer demand schedule Question For any consumer buying a commodity, the marginal benefit is equal to the _____ Answer market price Question ____ will increase their consumption of any commodity up to the point where the benefit of an additional unit (marginal benefit) is equal to the marginal cost to them of that unit, the market price Answer Consumers Question The most challenging part of cost benefit analysis is finding past choices which reveal the tradeoffs and equivalencies in ____ Answer preferences Question The valuation of benefits and ____ should reflect preferences revealed by choices which have been made Answer costs Question A ___ may provide benefits which are not directly expressed in terms of dollars but there is some amount of money the recipients of the benefits would consider just as good as the project's benefits Answer program Question In order to reach a conclusion as to the desirability of a ____ all aspects of the project, positive and negative, must be expressed in terms of a common unit Answer project Question _____ estimates and totals up the equivalent money value of the benefits and costs to the community of projects to establish whether they are worthwhile. Answer Cost-Benefit Analysis Question The impact of a project is the difference between what the situation in the study area would be with and without the _____ Answer project Question _____ recognize that it is impossible to fund every project which promises to save a human life and that some rational basis is needed to select which projects are approved and which are turned down Answer Economists Question The relationship between the market price and the quantity consumed is called the ____ Answer demand schedule Question For any consumer buying a commodity, the marginal benefit is equal to the _____ Answer market price Question ____ will increase their consumption of any commodity up to the point where the benefit of an additional unit (marginal benefit) is equal to the marginal cost to them of that unit, the market price Answer Consumers Question The most challenging part of cost benefit analysis is finding past choices which reveal the tradeoffs and equivalencies in ____ Answer preferences Question The valuation of benefits and ____ should reflect preferences revealed by choices which have been made Answer costs Question A ___ may provide benefits which are not directly expressed in terms of dollars but there is some amount of money the recipients of the benefits would consider just as good as the project's benefits Answer program Question In order to reach a conclusion as to the desirability of a ____ all aspects of the project, positive and negative, must be expressed in terms of a common unit Answer project Question _____ estimates and totals up the equivalent money value of the benefits and costs to the community of projects to establish whether they are worthwhile. Answer Cost-Benefit Analysis Try Another Search