We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Cost Benefit - Essay Example

Comments (0)
Summary
What do you believe are the opportunity costs of reducing expenditures (such as on education and social services programs) compared to the option of raising taxes? What do you think are the rational choices in such a situation?
Making economic decisions require a delicate…
Download full paper
GRAB THE BEST PAPER
Cost Benefit
Read TextPreview

Extract of sample
Cost Benefit

Download file to see previous pages... In the case stated, reducing expenditures compared to raising taxes have various repercussions even if both course of action are unpopular. Reducing expenditures meant foregoing the opportunity to serve the people and to provide services that could potentially prevent future problems. For example, health care programs could make the population healthier with an implication of lesser health cost in the future. In the case of education, reducing its expenditures may not be immediately felt but it will undermine the country’s competitiveness in the future because it would mean having less educated workforce.
Raising taxes however is unpopular. But it will enable the government to fund its social services such as health and education. Excessive taxation however invites social unrest that could defeat its intent to provide services to the people. The repercussion of high taxation is political as policy makers may lose public support and will no longer win in elections.
Ultimately, governments have to balance between increasing taxes and reducing social services. Ideally, taxes should be low and social services should be high but that would not be possible since social services is expenditure and it needs income through taxes to fund it. This explains why social services and taxation should be ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
The main challenges to undertaking a cost-benefit analysis in the criminal justice sector
Furthermore,the cost-benefit analysis will be investigated to determine what does it tell us about the economic efficiency of situational crime reduction.The reduction of crime in the national level is ‘driven by policies which emphasise partnership working between police, criminal justice authorities, local authority teams and other agencies
9 Pages(2250 words)Essay
Cost-Benefit Analysis and Ethics Analysis
The main mission of public health is to promote the health of the society by identifying risk factors for diseases, injury, disability and death by implementing policies that minimize the exposure of people, to the risk factors. Protection of human health requires economic analysis.
5 Pages(1250 words)Essay
Eonomic Signals and Cost-Benefit Analysis in Macroeconomics
This economic data is used as signals for the future conditions and thus have important place in the process of business situation and condition analysis. Such data and signals are known as the economic indicators. These economic indicators are set of macroeconomic data which is used by the analysts in order to understand and analyze the existing situation along with predicting and forecasting the future possibilities.
4 Pages(1000 words)Essay
Eonomic Signals and Cost-Benefit Analysis in Macroeconomics
It is essential for the organizations to capture large set of information or data and monitor it cautiously. One of the most important data in this regard is economic data. For this reason, most of the business analysts uses different economic data in order to interpret important signals about the future condition of the economy and country.
4 Pages(1000 words)Essay
Cost-benefit analysis of the ban on drugs in netherlands
This country is torn between legalization of the supply of such drugs versus absolute prohibition. It is worth noting that these two proposals have different socio-economic effects, but one must outdo the other either way.
5 Pages(1250 words)Essay
Cost Benefit Analysis
This report analysis the costs and benefit that will be accrued as a result of mandatory fortification. A report by National Health and Nutrition Examination Survey (NHANES) reveals that many pregnant women in United States have exhibited a drop in Iodine levels. Inherently, the major sources of iodine in United States include grain, dairy, seafood, and iodized salt.
3 Pages(750 words)Essay
Cost- Benefit Analysis (CBA) of an oil fuelled power station
A discount rate of 7% was chosen as an acceptable discount rate. The project was acceptable at this discount rate using the NPV technique .The project was found acceptable at this discount rate while conducting a sensitivity analysis by varying elements of costs and benefits.
14 Pages(3500 words)Essay
Cost Benefit Analysis
The first set of statistics, in great detail, comes from the United States, then UK and Bahrain. In 1999, in the USA, there were a number of useful changes to the "coding of automatic suppression equipment performance in the NFIRS database" (NFPA, 2003) When "measured by the average number of civilian deaths per thousand fires in 1987 - 1988, the reduction associated with automatic suppression equipment for residential sprinklered homes is a 74% reduction in death rate, which shows that the large impact of sprinklers on life safety also applies where most fire deaths occur." (NFPA, 2003)".
36 Pages(9000 words)Essay
Cost / benefit analysis
If the benefit of an expenditure lasts for more than a year, it is treated as an asset or capital expenditure (Investopedia News & Articles). There are two major categories of capital expenditure. When the assets are held
6 Pages(1500 words)Essay
Cost-Benefit Analysis
This increase in energy efficiency is the best solution for providing high-quality patient care, while also containing the healthcare costs. However,
2 Pages(500 words)Essay
Let us find you another Essay on topic Cost Benefit for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us