When deciding whether to undertake a large public works project (such as building a road, bridge, sports venue, etc.) the government must determine not only the costs, but also?

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Maria Page

Social Studies

29 May, 16:12

When deciding whether to undertake a large public works project (such as building a road, bridge, sports venue, etc.) the government must determine not only the costs, but also?

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Yazmin Bowen 29 May, 16:30
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Answer: B

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Lily Yoder · Answer 1

When deciding whether to undertake a large public works project the government must determine not only the costs, but also the benefits for the community.

There are three main methods for assessing the impact of large scale resource developments:

cost-revenue: evaluates the costs and the revenues resulting from the project only for the public sector.

cost-effectiveness: evaluates the costs of a project or providing a service and the achievement of a desired objective.

And the broadest method and correct answer for this question is the cost-benefits analysis: it compares the tangible and intangible costs and benefits for the community. It considers both of them not only in the public sector but also for the private sector, business owners, individuals and other community factors that would be benefited.