Ans) In the provided question, the student has been asked to provide and describe the two available options for securing funds for a particular program, their requirements for application purpose, and the utility of the cost-benefit analysis in this process.

The act of supplying resources to finance a program or project is termed as funding in economics. Normally, the funding comes in the form of money but it can also be in the shape of effort or time from an organization or firm.

The two options for securing funding for a program are discussed below:

a) Government grants or help: Certain funds could be allocated by the government or by government agencies to programs that will provide benefit or welfare to the public like organizations, researchers, and students through the selection process. In such a case, each...