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pamela mae platon
on Nov 25, 2024

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Cost-benefit analysis attempts to

A) compare the real worth, rather than the market values, of various goods and services.
B) compare the relative desirability of alternative distributions of income.
C) determine whether it is better to cut government expenditures or reduce taxes.
D) compare the benefits and costs associated with any economic project or activity.

Cost-benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives used to determine options that provide the best approach to achieve benefits while preserving savings.

Economic Project

A planned undertaking, typically with specific goals and financial frameworks, aimed at contributing to economic development or addressing economic issues.

  • Understand the concept of cost-benefit analysis and how it applies to public goods.
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Carolina HussingDec 01, 2024
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