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Questions and Answers
What is the main focus of Social Cost Benefit Analysis (SCBA)?
What is the main focus of Social Cost Benefit Analysis (SCBA)?
- Evaluating public investment only
- Maximizing net social benefit (correct)
- Determining the impact on market imperfections
- Assessing the impact on savings and investment levels
Which of the following is NOT a main focus of SCBA according to the text?
Which of the following is NOT a main focus of SCBA according to the text?
- Impact of the project on income distribution
- Concern for market imperfections (correct)
- Contribution of the project towards merit wants
- Economic benefits of the project in terms of shadow prices
Why did SCBA emerge as different from CBA according to the text?
Why did SCBA emerge as different from CBA according to the text?
- Focus on market imperfections
- Inability to reflect social values (correct)
- Evaluation of externalities
- Assessment of project self-sufficiency
What does SCBA primarily consider in terms of a project's impact on society?
What does SCBA primarily consider in terms of a project's impact on society?
Which aspect distinguishes SCBA from CBA with respect to project appraisal?
Which aspect distinguishes SCBA from CBA with respect to project appraisal?
What does the term 'numeraire' refer to in the context of shadow pricing?
What does the term 'numeraire' refer to in the context of shadow pricing?
When is a good/service considered tradable according to the text?
When is a good/service considered tradable according to the text?
What are the three sources of shadow pricing according to the UNIDO approach?
What are the three sources of shadow pricing according to the UNIDO approach?
Why do taxes pose difficulties when calculating shadow prices according to the text?
Why do taxes pose difficulties when calculating shadow prices according to the text?
What is the basis of shadow pricing when the project's impact is on consumption in the economy?
What is the basis of shadow pricing when the project's impact is on consumption in the economy?
What does Stage 4 of the UNIDO method focus on?
What does Stage 4 of the UNIDO method focus on?
In the UNIDO approach of Social Cost Benefit Analysis, what is the indicator of financial profitability of a project?
In the UNIDO approach of Social Cost Benefit Analysis, what is the indicator of financial profitability of a project?
What is the main purpose of assigning shadow prices to inputs and outputs in the UNIDO approach?
What is the main purpose of assigning shadow prices to inputs and outputs in the UNIDO approach?
How is the Net Present Value (NPV) calculated in the UNIDO approach of Social Cost Benefit Analysis?
How is the Net Present Value (NPV) calculated in the UNIDO approach of Social Cost Benefit Analysis?
What term is used to describe the inputs and outputs at their market prices in the UNIDO approach of Social Cost Benefit Analysis?
What term is used to describe the inputs and outputs at their market prices in the UNIDO approach of Social Cost Benefit Analysis?
Which factor determines the financial feasibility of a project in the UNIDO approach of SCBA?
Which factor determines the financial feasibility of a project in the UNIDO approach of SCBA?
What does the UNIDO approach consider as an essential step before an economic evaluation can be conducted for a project?
What does the UNIDO approach consider as an essential step before an economic evaluation can be conducted for a project?
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