ENSCI QUIZ #2

A government is planning to implement a new environmental policy but wants to evaluate its potential effectiveness before implementation. What type of evaluation should they use?

• Ex-post evaluation

• Ex-ante evaluation

• Socio-economic analysis

• Cost-benefit analysis

A city is considering different proposals to address air pollution. If they decide to compare multiple possible solutions to determine the best one, which type of proposal are they using?

• Single Proposal

• Plural Proposal

• Combination Proposal

• Feasibility Proposal

In assessing the economic impact of a new industrial project, analysts estimate the benefits over costs to ensure it is financially viable. What method are they using?

• Geographic Information Systems

• Socio-economic analysis

• Cost-benefit analysis

• Ex-post evaluation

A government agency decides to evaluate the effectiveness of an environmental policy by analyzing real-world results after implementation. What type of evaluation is this?

• Ex-ante evaluation

• Ex-post evaluation

• Cost-benefit analysis

• Environmental analysis

If an environmental policy unintentionally benefits local farmers by improving soil quality, this effect is called:

• A negative externality

• An economic cost

• A positive externality

• A feasibility study

A country is deciding whether to construct a major bridge. After performing a cost-benefit analysis, the benefit-cost ratio is found to be 0.375. What should be done based on this result?

• Proceed with construction

• Adjust the project to improve benefits

• Cancel the project

• Increase funding to offset costs

The net present value (NPV) formula is used to:

• Measure the environmental impact of projects

• Calculate the expected profitability of an investment

• Assess the number of stakeholders in a project

• Determine project risks

A company estimates the future financial benefits and costs of an industrial plant. They discount the future values to their present worth using the:

• Cost-benefit ratio

• Discount rate

• Interest rate

• Externality factor

Which of the following is NOT an advantage of cost-benefit analysis?

• It provides a simple framework for decision-making

• It allows comparison between different projects

• It guarantees accurate future predictions

• It considers non-market goods

What is the first step in conducting a cost-benefit analysis?

• Calculating present value

• Measuring all costs and benefits

• Listing all project impacts

• Determining the benefit-cost ratio