What is the theory of cost-benefit analysis?

What is the theory of cost-benefit analysis? Cost-benefit analysis is a methodology that is used to compare the costs and benefits of a government policy or action from the perspective of society as a whole. Nevertheless, a fundamental issue regarding cost-benefit analysis is that it aggregates the utilities (as measured by willingness to pay) of […]

Who is in charge of all military?

Who is in charge of all military? Who is in charge of the military? The president is the Commander in Chief over the entire U.S. military. Under the president is the Secretary of the Department of Defense who is in charge of all the branches of the military except for the Coast Guard. What branch […]

How did the Renaissance affect the economy?

How did the Renaissance affect the economy? During the Renaissance, the European economy grew dramatically, particularly in the area of trade. Developments such as population growth, improvements in banking, expanding trade routes, and new manufacturing systems led to an overall increase in commercial activity. How did the Renaissance contribute to the Age of Discovery? The […]

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