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Cost-benefit analysis

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Reference no: EM133333774

Question

Cost-benefit analysis can be used in environmental and natural resource policy making and such an approach can be efficient, though a strictly efficient policy can also produce inequitable impacts. In your post to the discussion, tell the class how economic efficiency could be balanced with equity considerations in environmental or natural resource policy making and explain why.

Explain what both economic efficiency is and what equity considerations are.

Reference no: EM133333774

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