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Type: Multiple-Choice
Category: Economics
Level: Grade 12
Author: rbanks59
Created: 10 years ago

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Economics Question

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Grade 12 Economics

Cost/benefit analysis is:
  1. The extra benefit of adding one unit
  2. When the cost of adding one unit outweighs the benefit of producing it
  3. A process in which you compare what you will give up and gain from an action
  4. When a government has to decide between spending money on the military or social programs