Asked by C??ng Nguy?n on May 09, 2024
Verified
If we can conclude that human life has a finite value, cost-benefit analysis can lead to solutions in which human life is worth less than the cost of a potential project.
Human Life
The existence, characteristics, and experience of being a person; often considered with respect to the moral, social, and philosophical aspects.
Cost-Benefit Analysis
An economic evaluation method that compares the costs and benefits of a project or decision to determine its feasibility or compare alternatives.
- Comprehend the relevance of externalities and the analysis thereof.
Verified Answer
JW
Jordan WaldropMay 14, 2024
Final Answer :
True
Explanation :
Cost-benefit analysis involves comparing the costs of an action to its benefits. If human life is assigned a finite value, it's possible for a project's costs to outweigh the value of human lives lost or affected, leading to conclusions where human life is deemed less valuable than the project's cost.
Learning Objectives
- Comprehend the relevance of externalities and the analysis thereof.