Question

Which of the following is a simple way of describing cost-benefit analysis?

A. Measuring the overall health of a economy.
B. Estimating prices to the nearest dollar .
C. Making a decision by listing pros and cons.
D. Predicting economic decisions without much information .

Answer 1

Making a decision by listing pros and cons is a simple way of describing cost-benefit analysis.

Answer 2

Answer: C: Making a decision by listing pros and cons.

Explanation:

Cost-benefit analysis refers to a process used in analyzing decisions. It is a method for calculating the costs and profits to be obtained or derived from a business opportunity. It can be used in estimating the value against the cost of a project or policy. It is also used in business or policy decisions, commercial transactions, project investments and so on.