Cost-Benefit Analysis Is Important in Determining the Role of Government

question 112

Multiple Choice

Cost-benefit analysis is important in determining the role of government in our economy because:

• A)the government should provide all goods in which benefits exceed costs
• B)cost-benefit analysis identifies the possible gains to society from government provision of a particular good
• C)markets for private goods are not able to effectively assign costs and benefits
• D)cost-benefit analysis identifies market failure

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To protect or defend a person, place, or possession, often from potential threats or danger.

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A mating system in which an individual has only one mate at a time or forms a long-term pairing with a single partner.

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A species of beaver native to Europe, known for its dam-building activities and significant effects on ecosystems.

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Individuals produced by the reproductive processes of their parents, carrying genetic material from both.