1) Large infrastructure projects with equal project lives should be evaluated in nominal terms and those with unequal project lives – in real terms.

Group of answer choices

True

False

2) Because no private provider was willing to do so, the city of Sydney has decided to provide emergency room services free-of-charge. However, a doctor can only see one patient at a time.

What kind of good is the emergency room service in Sydney?

Group of answer choices

a) Private good

b) Common good

c) Public good

d) Artificially-scarce good

e) Collective good

3. The concept of opportunity cost describes what must be given up today and in the future.

Group of answer choices

True

False

4. Interest rates are typically inclusive of inflation while discount rates are typically exclusive of inflation.

Group of answer choices

True

False

5. What is the underlying philosophy for conducting financial evaluation of a public project?

Group of answer choices

Utilitarianism

Egalitarianism

Monetarism

Existentialism

Libertarianism