ECONOMICS (CBSE/UGC NET)

ECONOMICS

COST BENEFIT ANALYSIS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Egyptian pharaohs likely had to perform a cost-benefit analysis before making big decisions such as whether or not to build ____
A
pyramids
B
mosques
C
ziggurats
D
steles
Explanation: 

Detailed explanation-1: -Evidence points to the Egyptians using gypsum mortar – also known as plaster of Paris – in constructing pyramids during the Pharaonic period. The first Egyptologist to identify this method was Alfred Lucas in 1926.

Detailed explanation-2: -As a statesman, the pharaoh made laws, waged war, collected taxes, and oversaw all the land in Egypt (which was owned by the pharaoh).

Detailed explanation-3: -As ‘Lord of the Two Lands’ the pharaoh was the ruler of Upper and Lower Egypt. He owned all of the land, made laws, collected taxes, and defended Egypt against foreigners. As ‘High Priest of Every Temple’, the pharaoh represented the gods on Earth.

Detailed explanation-4: -Instead, Pharaoh used an autocratic style of leadership. He was in control; every decision was based on his judgment and ideas without seeking advice from employees (Ejimabo, 2015).

There is 1 question to complete.