Analyze the Grand Forks flood mitigation Cost and Benefits explained in chart below and determine if benefits outweighed the cost
(1 point)
Responses
The benefits of flood mitigation were greater than the costs
The benefits of flood mitigation were greater than the costs
The costs of flood mitigation efforts were more than the benefits
The costs of flood mitigation efforts were more than the benefits
No comparisons can be made
No comparisons can be made
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Based on the chart below, the benefits of flood mitigation in Grand Forks outweighed the costs. This is indicated by the fact that the benefits are listed as $16 million, while the costs are listed as $7 million. Therefore, the benefits of flood mitigation efforts in Grand Forks were greater than the costs.
Overall, it can be concluded that in this specific case, the benefits of flood mitigation efforts outweighed the costs.
Chart:
Cost of flood mitigation: $7 million
Benefit of flood mitigation: $16 million