Hidden EP Quiz No.10 explores key economic concepts like shadow prices, opportunity costs, and externalities, alongside project management stages like problem analysis and project screening. It's designed to assess understanding...

Questions: 52 | Attempts: 287 | Last updated: Apr 15, 2025

Sample Question 1
"Financial Analysis" uses fair market prices while "Economic Analysis" uses --

Factory prices

Shadow prices

Nominal prices

Deflationary and inflationary prices

Sample Question 2
Which concept refers to the value of potential output foregone by not putting resources · to , their best alternative use?

Fixed Costs

Variable Costs

Sunk Costs

Opportunity Costs

Sample Question 3
These are costs of business not assumed by the finn and not reflected in the internal financial accounting of the business but such costs are unwittingly shouldered by other people, by government, or by society-at-large.

Extraordinary cost

Incidental cost

Externalities

Collateral costs