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Cost-benefit analysis for environmental policies includes all of the following EXCEPT: a focus on the choices...

Cost-benefit analysis for environmental policies includes all of the following EXCEPT:
a focus on the choices that are available.
an unambiguous estimation of potential costs and benefits.
the preferences of individuals.
the present value of benefits and costs that will be incurred by today's people and future generations.
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Answer #1

The cost-benefit analysis takes into consideration the available options available and based on the highest net present value of these alternatives, the best is chosen. It evaluates the same on the basis of the societal benefits and cost associated and not the individuals. It is to be noted that the societal choices or the cost and benefits of the society are determined by summing the individual choices. However, this analysis does not take into account the cost and benefits to future generations. (d)

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