Cost-Benefit-Analysis

There is a difference between a financial  and an economic cost-benefit-analysis. 
 
Which of these statements is true for the economic cost-benefit analysis?
A project is worth undertaking if the incremental net benefit is positive
The costs and benefits of a “with project scenario” are weighted against the costs and benefits of a “without project scenario”
The cost-benefit analysis relies on actual (financial) prices
One of the easiest ways to undertake an economic cost-benefit analysis is to first perform a financial analysis and then adjust each financial value to derive its economic equivalent.    
Which adjustments are necessary to identify the shadow values required for an economic cost-benefit analysis?
Adjust for transfer payments
Adjust for price distortions in traded goods
Adjust for price distortions in non-traded goods
People value money differently over time.
What is described as a positive time preference within an economic cost-benefit analysis?
People's indifference about getting money today or in the future
People's preference to get money in the future as opposed to today
People's preference to get money today rather than in the future
A discount rate tells us about preferences of today.
Which statement is true for the discount rate within an economic cost-benefit analysis?
A high discount rate reflects a strong preference for the present.
A low discount rate reflects a strong preference for the present.
A low discount rate means that future benefits lose value slower when converted into their present value.

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