Economists' cost/benefit approach to public policy requires them to assign a monetary value to all gains and losses of everything, including life. This is controversial and difficult, and may introduce biases. Explain why.

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The Answer of Economists' cost/benefit approach to public policy requires them to assign a monetary value to all gains and losses of everything, including life. This is controversial and difficult, and may introduce biases. Explain why.

Economists' Cost/benefit Approach to Public Policy Requires Them to Assign