1. What is cost-benefit analysis, and what are its key principles?

2. Identify and define the key steps involved in using cost-benefit analysis in public sector planning or project evaluation?

3. Define net present value, net benefit ratio, and cost-effectiveness analysis and the relationship(s) of one concept to the next.

4. What are criticisms of cost-benefit analysis?

5. What ethical premises are available to guide American policymakers?

6. Identify and define the conceptions of fairness and explain how each might be used to justify different kinds of public policies.