Before considering any public project, the government should
(i)compare the total cost and total benefits of the project.
(ii)conduct a cost-benefit analysis.
(iii)infer that citizens who vote for a project are willing to pay equally for it.
A)(i) only
B)(ii) only
C)(i) and (ii) only
D)(i), (ii), and (iii)

Question

Quizplus · Accepted Answer

Conducting a cost-benefit analysis (ii) is essential to determine if the benefits outweigh the costs, and comparing total costs and benefits (i) is a fundamental part of this analysis. However, inferring that citizens are willing to pay equally (iii) is not a necessary step in evaluating the viability of a public project.

Before Considering Any Public Project, the Government Should