Identify the distinguishing feature between costbenefit anal

Identify the distinguishing feature between cost-benefit analysis and cost-effectiveness. a. Cost-effectiveness is ethically problematic. b. Cost-benefit analysis adopts the most efficient means available to achieving a particular standard. c. Cost-benefit analysis is ethically problematic. d. Cost-effectiveness uses economic criteria before setting the standards.

Solution

Ans) (C) Cost-benefit analysis is ethically problematic

In cost benefit analysis once we set the standards the least expensive and most efficient option or method is adopted for achieving the standards set by us.But Cost benefit analysis uses the economic criteria to set the standard itself and hence it is etically problematic.