A city government is considering building a new system of


A city government is considering building a new system of lighted bike paths. A councilor supporting their construction lists the following as potential benefits of the paths:

(1) more enjoyable bike rides for current and future bikers,

(2) reduction of rushhour automobile traffic due to increases in bike commuting,

(3) the creation of 15 constructionrelated jobs.

Can all of these actually be considered to be benefits? Explain.

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Financial Econometrics: A city government is considering building a new system of
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