13. When governments employ cost-benefit analysis to help them decide whether to provide a public good, measuring
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13. When governments employ cost-benefit analysis to help them decide whether to provide a public good, measuring benefits is difficult because
a. one can never place a value on human life or the environment.
b. respondents to questionnaires have little incentive to tell the truth.
c. there are no benefits to the public because a public good is not excludable.
d. the benefits are infinite because a public good is not rival in consumption and an infinite amount of people can consume it at the same time.
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Related Book For
Study Guide For N. Gregory Mankiw's Principles Of Microeconomics
ISBN: 9783030019983
5th Edition
Authors: David R. Hakes
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