chapter 5 Flashcards

1
Q

What does Cost Benefit Analysis mean?

A

systematic approach used to evaluate the potential cost and benefit of project.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

what is type of Cost Benefit Analysis? and what does they mean?

A
  1. Ex ant CBA: project just started or implemented.
  2. Ex post CBA: the end of the project
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

what are the costs and benefit of Cost Benefit Analysis in tourism

A

costs:
1. develop excess demand for recourse
2. create social problem
Benefit:
1. employment opportunity
2. increase government revenue.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

How does Cost Benefit Analysis framework measure efficiency?

A

Pareto efficient

How well did you know this?
1
Not at all
2
3
4
5
Perfectly