ABSTRACT
Should saccharin be banned? Should pollution standards be stricter? Are nuclear power plants safe? Should everyone be vaccinated against measles? Are auto seat belts worth the cost? Government agencies and businesses are continually faced with questions such as these. In this chapter, we will describe a decision tool widely used to help answer such questions: Cost-Benefit Analysis. Understanding cost-benefit analysis will:
help you to evaluate governmental decisions which affect you, and
provide you with a decision-making tool which you can use to make business and personal decisions,
