The government plans to construct a road to your village .it is envisaged that this project will increase income as all the villagers will be employed in one way or the other on this project .In performing the cost-benefit analysis of the project ,labor and income change become important cost and benefit components,respectively. True or false, and explain

The government plans to construct a road to your village .it is envisaged that this project will increase income as all the villagers will be employed in one way or the other on this project .In performing the cost-benefit analysis of the project ,labor and income change become important cost and benefit components,respectively. True or false, and explain

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter1: What Economics Is About

Section: Chapter Questions

Problem 15QP

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Use marginal cost/marginal benefit analysis to determine if the following statement is true or false: “The optimal amount of pollution abatement for some substances, say, dirty water from storm drains, is very low; the optimal amount of abatement for other substances, say, cyanide poison, is close to 100 percent
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