________ Is a Calculation That Adds Up the Costs and Benefits

question 46

Multiple Choice

________ is a calculation that adds up the costs and benefits using a common unit of measurement,like dollar values.

• A) Cost-benefit analysis
• B) Revenue-income analysis
• C) Budget constraint analysis
• D) Expenditure-income analysis

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Definitions:

End of the Cold War

The period from the late 1980s through the early 1990s marked by a thaw in relations between the Soviet Union and the United States, leading to the eventual dissolution of the Soviet Union in 1991.

Mikhail Gorbachev

The last leader of the Soviet Union, known for his reforms (Perestroika and Glasnost) which aimed to modernize the Soviet economy and society.

Central America

A region located in the southern tip of North America, comprising seven countries between Mexico and South America.

Caribbean

A region consisting of the Caribbean Sea, its islands, and the surrounding coasts, known for its diverse culture and tropical climate.