MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Transcribed Image Text:Question 7-
Cost-Benefit analysis only considers financial impacts.
True
False
Transcribed Image Text:Question 8.
Suppose a study is conducted as part of the CBA of a proposal to add a new pipeline
for transporting crude oil from Alberta to BC. The study determines that the
economic benefits will primarily affect Canadian residents, while the environmental
impacts will be globally distributed. Thus, it recommends providing standing to all
people for the remaining CBA. This study would form part of which step of the CBA?
Specify the seto of alternatives (Step 1).
Define the referent group (Step 2).
Catalogue the potential impacts (Step 3).
Predict the quantitative impacts (Step 4).
None of the above.
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