Question

Sarah recently learned about performing a cost–benefit analysis while studying environmental policies. Help her choose the right terms to describe this type of analysis. Based on a cost–benefit analysis, society’s cost incurred due to____will be reduced as the amount of pollution____. However, at the same time, the cost of pollution control will increase.

Answer 1

Answer:

I can see that there are no choices given, so I have answered the question according to my understanding.

Based on a cost-benefit analysis, society's cost incurred due to social benefits will be reduced as the amount of pollution decreases.

Explanation:

When it comes to "cost-benefit analysis," the analysts weighs the benefits and costs all together. By doing so, he'll be able to subtract the cost from doing the action that provided a benefit or solution. This analysis is very important in order for the company to know whether the project they are pursuing is feasible.

A society's cost happens in response to a particular action that was taken for the society's benefit. This will be reduced once the pollution in the place also decreases. The society's cost here would mean "new business strategies" that would lower the pollution. So, these include the private costs of firms. On the other hand, the cost of pollution control will increase which means that the firms need to add external costs in order to make their products environment-friendly (and so to control pollution). So, this means that the company will be producing less of the product because it will be priced highly.

Answer 2

production, decreases