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
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.
