Cost benefit analysis

In Unit 4 concerning CBA, the other term for 'something good' is

CBA is a ........................ technique that compares costs and all the benefits arising from the program or project

BCR is ............

• Benefit-Cost Ratio

• Benefit-Component Ratio

• Burden of Communicable disease Records

• None of the Above

......................... is calculated by subtracting the cost of an intervention from its benefits

• BCR

• RCB

• PNV

• NPV

..................... the BCR, more worthwhile the intervention

• Lower

• Higher

• None of the two

Willingness to Pay studies are .................... studies

• Revealed preference

• Observed preference

• Human capital

• Stated preference

The friction cost method reflects the true cost of productivity loss for employers....

• True

• False

• Not sure

A money-risk tradeoff study is an example of .......... study

• Friction cost

• Human capital

• State preference

• Revealed preference

Minimum amount necessary for an individual to forego some good is called .......

• WTB

• WTA

• WTP

• WTY

There are ............ survey methods to estimate WTP in the absence of markets