Cost-benefit analysis is A) a set of practical procedures for guiding public expenditure decisions. B) used by the private sector to determine whether certain projects should be undertaken C) difficult when benefits and costs are hard to evaluate. D) mindful of changes over time. E) all of the above. The rate at which future money must be discounted is known as the A) rate of inflation. B) exposure rate. C) discount rate. D) time rate. The value of a human life A) can be estimated by potential future earnings. B) can be subjected to cost-benefit analysis. C) is an intangible that is hard to price. D) is all of the above. The value that society places on consumption that is sacrificed in the present is called A) social marginal costs. B) social marginal damages. C) social rate of discount. D) social returns. Risk is ____ a part of cost-benefit analysis. A) never B) always C) unable to be calculated D) decided by others whether to be Money values indexed lo a given period are known as A) nominal. B) real. C) inverse. D) random. For certain intangibles that can not be measured, it is best to A) guess. B) exclude them from cost benefit analysis, and then calculate how large they must be to reverse the decision. C) reevaluate using the Hicks-Kaldor criterion. D) leave it to the private sector to decide on value. Government budgets are A) always adhered to. B) not necessary. C) guides for project analysis. D) easy to create. Inflation favors A) lenders. B) borrowers. C) neither borrowers nor lenders. D) both borrowers and lenders