Answered

What is the goal of cost-benefit analysis?
O ensuring voluntary exchanges
O allocating scarce resources effectively
○ benefitting from costs incurred to competfors
O maximizing benefits and minimizing costs



Answer :

GinnyAnswer

Final answer:

Cost-benefit analysis in economics involves calculating benefits and costs to maximize benefits and minimize costs for society.


Explanation:

Cost-benefit analysis is a systematic process used by governments to determine whether to provide a public good and how much of it to provide. It involves calculating the benefits and costs of a project to society as a whole, aiming to maximize benefits and minimize costs.


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