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Cost-Benefit Analysis Seeks the Greatest Economic Efficiency According to the Underlying

question 41

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Cost-benefit analysis seeks the greatest economic efficiency according to the underlying notion that, given two potential acts, the act achieving the greatest output at the least cost promotes the greatest marginal happiness over the less-efficient act, other things being equal.


Definitions:

Contact Motive

A psychological need or drive to seek and maintain physical or emotional closeness with others.

Cloth "Mother"

A reference to Harry Harlow's experiments with rhesus monkeys, where he demonstrated the importance of caregiving and companionship in social and cognitive development.

Wire "Mother"

A term referring to an experiment by Harry Harlow, showing infant monkeys preferred a cloth surrogate mother over a wire one that provided food, highlighting the importance of comfort and security.

Harry Harlow

An American psychologist best known for his maternal-separation and social isolation experiments on rhesus monkeys, which highlighted the importance of caregiving and companionship.

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