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Public Expenditures and Cost-Benefit Analysis

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Imagine you are conducting a cost-benefit analysis. How do you plan to use this when making decisions about public expenditures? Is it necessary in the decision-making process? Explain why or why not.

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Solution Summary

A cost-benefit analysis is discussed step-by-step in this solution. The response also has the sources used.

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It is necessary to do cost benefit analysis when making decisions about public expenditures. This is necessary in the decision making process because it is important to measure the effectiveness of the public expenditure. There are always alternative demands ...

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