chapter 5

Question 1

What does Cost Benefit Analysis mean?

Answer 1

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

Question 2

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

Answer 2

1. Ex ant CBA: project just started or implemented.
2. Ex post CBA: the end of the project

Question 3

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

Answer 3

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

Question 4

How does Cost Benefit Analysis framework measure efficiency?

Answer 4

Pareto efficient