ECOLOGY
ENVIRONMENTAL ISSUES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a study of the factors that influence decisions of producers and consumers.
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an economy in which the government decides what is manufactured.
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a balance between the supply and demand of a product.
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the comparison between the effects of an environmental decision.
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Detailed explanation-1: -What is environmental cost-benefit analysis? Environmental cost-benefit analysis (CBA) is the application of CBA to projects or policies that have the deliberate aim of environmental improvement or actions that somehow affect the natural environment as an indirect consequence.
Detailed explanation-2: -Cost-benefit analysis is a way to compare the costs and benefits of an intervention, where both are expressed in monetary units.
Detailed explanation-3: -A cost-benefit analysis is the process used to measure the benefits of a decision or taking action minus the costs associated with taking that action. A cost-benefit analysis involves measurable financial metrics such as revenue earned or costs saved as a result of the decision to pursue a project.
Detailed explanation-4: -Cost–benefit analysis (CBA), sometimes also called benefit–cost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives.