Answered

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Comparing the costs in time and resources with the benefits is an important step in:

A. implementing a program that has become law
B. reducing funding from a local or state budget
C. deciding whether to add a new public official
D. analyzing the effectiveness of a public policy

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Final answer:

Cost-benefit analysis is essential for evaluating public policies and programs by comparing costs with benefits.


Explanation:

Cost-benefit analysis is a crucial step in analyzing the effectiveness of a public policy by comparing the costs in time and resources with the benefits. By weighing the marginal costs against marginal benefits, decision-makers can assess whether implementing a program that has become law or altering monitoring programs is economically viable.


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