Suppose That Policymakers Are Doing Cost-Benefit Analysis on a Proposal

Multiple Choice

Suppose that policymakers are doing cost-benefit analysis on a proposal to add traffic barriers to divide the flow of traffic in an effort to increase safety on a given highway. Which of the following statements is correct?

A) The benefits are usually easier to measure than the costs.
B) Because human life is priceless, any measure to increase traffic safety would generate benefits that outweigh the costs.
C) Estimating the value of a human life is difficult but necessary to evaluate the proposal.
D) Both a and b are correct.