In benefit-cost analysis, public-sector managers seek to learn if society as a whole will be better off
Question:
A. Assume that the city of Denver and local airline customers must pay only 10% of the costs of Denver International Airport, with the federal government picking up the other 90% of the tab. Describe how a local benefit-cost analysis of the airport project might be distorted by this cost-sharing arrangement.
B. Under the federal revenue sharing program, the federal government collects tax revenues that are then returned to states and other local units of government to support a wide variety of social programs. Can you see any problems for an efficient allocation of public expenditures when the spending and taxing authority of government is divided in this manner?
C. Can the equity and efficiency implications of social programs and publicsector investment projects be completely separated?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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