Discuss cost-benefit analysis. What are the benefits of crime prevention? What are the costs? Are all the benefits and costs easily measurable? What should we do when costs or benefits are not quantifiable? Should we base all of our decisions on cost-benefit analysis?
Answer to relevant QuestionsOf what significance is the elasticity of demand for drugs in the debate about legalization of presently illegal substances? Consider the parking situation on your own campus. (I’ve never been on a campus where students didn’t complain about parking.) Is the parking adequate? Do you have to walk quite a distance if you park your car? Should ...Explain cost-benefit analysis. Would the results of cost-benefit analysis ever be different in the short run than in the long run? Why or why not? What factors explain the disparities in earnings between men and women? Minorities and whites? Are the factors different for race and gender? How do housing vouchers work? If we had only so much money for housing assistance, what would be the best way to assist low-income families?
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