1. What is the name of the economic technique that we use to compare the costs o

Question

1. What is the name of the economic technique that we use to compare the costs of a project to the benefits of a project? cost-benefit analysis benefit comparison analysis discounting contingent valuation 2. Which type of value relates to leaving an undamaged world to future generation? bequest value existence value Use value option value 3. What is the technique used to measure non-use values? contingent valuation cost-benefit analysis discounting benefit comparison analysis 4. If you have a project where the benefits are greater than the costs, should you always proceed with the project? no yes 5.The technique used by economists to evaluate future costs and benefits is called: contingent valuation discounting benefit comparison analysis cost-benefit analysis

Explanation / Answer

Answers:

1) Cost benefit analysis.

2) Bequest value.

3) Contingent valuation.

4) Yes.

5) Discounting.

Hope my solution solves your query.

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