ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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To determine the value of a bridge to members of a community, why is asking them directly not a reliable way of measuring the benefits and costs?
Question 11 options:
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Those who stand to gain have an incentive to tell the truth.
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Answers to the survey questions relating to cost will always be downwardly biased.
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Those who stand to lose have an incentive to exaggerate their true costs.
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Not everyone asked will be using the bridge.
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