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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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https://brainly.com/question/40532661
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