Question

The city council is considering a new ordinance to require stores to provide reusable bags and eliminate disposal paper or plastic bags. In determining whether to pass the law, the city council obtained an estimate for the expense stores would incur in offering reusable instead of disposable bags. They also obtained an estimate for the savings which would result from not having to clean up litter from disposable bags. Finally, they consulted with an environmentalist to assess the positive impact that phasing out bags would have, including enhanced safety for local wildlife. In deciding whether to pass the law, the council relied on:_________

a.The historical school
b. Stare decisis
c. A cost benefit analysis
d. Common law
e. Legal positive

Answer 1

c. A cost benefit analysis

Explanation:

• Cost-benefit analysis involves selecting options that maximize profits and reduce costs.
• The type of cost / benefit analysis for natural systems assessment looks not only at the impact on environmental quality, but also on the sustainable use of natural resources in an area.
• Cost-benefit analysis is an appropriate tool if you want to optimize the expected economic value of the design. However, even in such cases, some additional value estimates and alternatives need to be made. One issue is how to minimize future benefits against current costs
• If non-financial values ​​are also relevant, cost-benefit analysis can be even more controversial. However, it is not the use of monetary units that can take into account only economic values ​​in cost-benefit analysis.