Cost-effectiveness analysis (CEA) differs from benefit/cost analysis (B/C) in that: (a) CEA cannot handle multiple alternatives (b) CEA compares alternatives on the basis of a specific outcome rather than solely on monetary units (c) CEA cannot handle independent alternatives (d) CEA is more time consuming and resource intensive
Cost-effectiveness analysis (CEA) differs from benefit/cost analysis (B/C) in that: (a) CEA cannot handle multiple alternatives (b) CEA compares alternatives on the basis of a specific outcome rather than solely on monetary units (c) CEA cannot handle independent alternatives (d) CEA is more time consuming and resource intensive
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 17SQ
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Question
Cost-effectiveness analysis (CEA) differs from
benefit/cost analysis (B/C) in that:
(a) CEA cannot handle multiple alternatives
(b) CEA compares alternatives on the basis of a
specific outcome rather than solely on monetary
units
(c) CEA cannot handle independent alternatives
(d) CEA is more time consuming and resource
intensive
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