Which of the Following Is a Benefit of the Precautionary

question 15

Multiple Choice

Which of the following is a benefit of the precautionary principle over cost-benefit and risk-benefit?

• A) One does not need to know the probability of the bad outcome to take action.
• B) Precautionary measures fit deontology better.
• C) Cost-benefit requires measurement in money.
• D) All of the above

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Definitions:

Balance Budget

A balanced budget occurs when the total revenues equal total expenditures for a government within a specific fiscal period, eliminating deficits.

Fiscal Policy

Government policies related to taxation and government spending that influence economic conditions.

Fiscal Policy

Government policies regarding taxation and spending that are employed to influence economic conditions, including stimulating or restraining economic growth.

Multiplier

An economic factor that quantifies the additional effect on income or output resulting from an injection of spending.