Using Cost-Benefit Analysis to Assess Government Policies

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Is it important for governments to be cost-conscious for the best benefits of the population?

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1. Is it possible for a government to choose after analysis, not the best cost-benefit option?

2. In order to reach a conclusion as to the desirability of a project, should all aspects of the project, positive and negative, be expressed in terms of a common unit?

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About This Quiz & Worksheet

Take some time to assess what you can recall about the cost-benefit analysis of government policies. Answer multiple-choice quiz/worksheet questions on topics like whether or not it's important for governments to be aware of costs that benefit the governed and the possibility of governments to choose after analysis instead of the best cost-benefit option.

Quiz & Worksheet Goals

You'll be required to answer questions on these points:

  • Expressing the aspects of a project to evaluate its desirability
  • Parameters in the cost-benefit analysis process
  • Whether or not governments should choose the least costly project no matter how many people it would help

Skills Practiced

  • Reading comprehension - make sure you know the most important information from the lesson on governments being aware of their costs that benefit the population
  • Knowledge application - use your knowledge to answer questions about governments selecting after analysis instead of the best cost-benefit option and the importance of assessing a project in order to see if its desirable
  • Information recall - access the knowledge you've gained regarding the elements of the cost-benefit analysis process

Additional Learning

Learn more about cost-benefit analysis in the accompanying lesson entitled Using Cost-Benefit Analysis to Assess Government Policies. Here are the main points you'll be exploring:

  • Definition of cost-benefit analysis
  • Cost-benefit of operating a library
  • Government policies that affect populations
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