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Questions and Answers
What is the main purpose of Social Cost Benefit Analysis (SCBA)?
What is the main purpose of Social Cost Benefit Analysis (SCBA)?
- To approve private investment projects by different government agencies
- To evaluate public and private projects from a financial perspective
- To assess the intangible costs and benefits of a contemplated course of action (correct)
- To focus only on tangible benefits and costs in public projects
How does SCBA differ from financial analysis?
How does SCBA differ from financial analysis?
- Financial analysis evaluates intangible costs and benefits
- Financial analysis evaluates projects from the society's point of view
- SCBA focuses only on tangible benefits and costs (correct)
- SCBA considers only those costs and benefits falling on the decision maker
Why has SCBA become important for private investment projects?
Why has SCBA become important for private investment projects?
- Because they have to be approved by different government agencies (correct)
- To focus only on tangible benefits and costs
- To evaluate projects from a financial perspective
- To assess the intangible costs and benefits of a contemplated course of action
What does SCBA evaluate in general?
What does SCBA evaluate in general?
When did SCBA start to gain importance in evaluating public projects?
When did SCBA start to gain importance in evaluating public projects?
What is the main limitation of financial cost-benefit analysis mentioned in the text?
What is the main limitation of financial cost-benefit analysis mentioned in the text?
What characterizes public goods, as described in the text?
What characterizes public goods, as described in the text?
What is an externality, as explained in the text?
What is an externality, as explained in the text?
What is the equilibrium condition for a private decisionmaker, as mentioned in the text?
What is the equilibrium condition for a private decisionmaker, as mentioned in the text?
What is the difference between private and social benefits and costs, according to the text?
What is the difference between private and social benefits and costs, according to the text?
What are the key differences between Social Cost Benefit Analysis and financial analysis?
What are the key differences between Social Cost Benefit Analysis and financial analysis?
Why is Social Cost Benefit Analysis (SCBA) gaining importance in private investment projects?
Why is Social Cost Benefit Analysis (SCBA) gaining importance in private investment projects?
What is the primary purpose of Social Cost Benefit Analysis (SCBA)?
What is the primary purpose of Social Cost Benefit Analysis (SCBA)?
How does Social Cost Benefit Analysis (SCBA) differ from financial cost-benefit analysis in terms of the costs and benefits evaluated?
How does Social Cost Benefit Analysis (SCBA) differ from financial cost-benefit analysis in terms of the costs and benefits evaluated?
In what way does Social Cost Benefit Analysis (SCBA) serve as a social decision-making machinery?
In what way does Social Cost Benefit Analysis (SCBA) serve as a social decision-making machinery?
What are public goods, as described in the text?
What are public goods, as described in the text?
What is the equilibrium condition for a private decisionmaker, as mentioned in the text?
What is the equilibrium condition for a private decisionmaker, as mentioned in the text?
What are negative externalities, as explained in the text?
What are negative externalities, as explained in the text?
What is the major source of differences between financial and social cost-benefit analysis?
What is the major source of differences between financial and social cost-benefit analysis?
How does Social Cost Benefit Analysis (SCBA) deviate from financial (private) cost and benefit analysis, according to the text?
How does Social Cost Benefit Analysis (SCBA) deviate from financial (private) cost and benefit analysis, according to the text?
