Question

In: Psychology

Cost-effectiveness analysis involves a) clearly describing the costs and benefits of a policy proposal b) Estimating...

Cost-effectiveness analysis involves

a) clearly describing the costs and benefits of a policy proposal

b) Estimating the monetary values of costs and benefits

c) careful evaluation of the effectiveness of an established policy

d) cost-benefit analysis in the human services

Solutions

Expert Solution

Ans. a

Cost-effectiveness analysis (CEA) is a form of economic analysis that compares the relative costs and outcomes (effects) of different courses of action.Cost-effectiveness analysis is distinct from the cost-benefit analysis, which assigns a monetary value to the measure of effect.

Hayet Jeridi answered 2 years ago
Next > < Previous

Related Solutions

Policy A has a higher-cost effectiveness ratio than policy B. a. Under what circumstances (if any)...
Policy A has a higher-cost effectiveness ratio than policy B. a. Under what circumstances (if any) would you recommend implementation of policy A? Explain. b. Under what circumstances (if any) would you recommend implementation of policy B? Explain. c. Under what circumstances (if any) would you recommend implementation of both policies? Explain. d. Under what circumstances (if any) would you recommend implementation of neither policy? Explain.
how does cost benefit analysis differ from cost effectiveness analysis? why has cost effectiveness analysis become...
how does cost benefit analysis differ from cost effectiveness analysis? why has cost effectiveness analysis become the method of choice in health economists around the world
Discuss the minimum wage. Clearly identify the benefits and costs of the minimum wage to the...
Discuss the minimum wage. Clearly identify the benefits and costs of the minimum wage to the economy. Under what circumstances will most economists support minimum wage laws? Justify your answer.
In cost benefit analysis, which of the following best explains why benefits and costs are all...
In cost benefit analysis, which of the following best explains why benefits and costs are all discounted? Select one: a. It makes it easier to compare options b. It is a requirement in project evaluation c. It ensures the project is feasible d. Money today is not the same as money tomorrow e. None of the above Which of the following statement is true of social cost benefit analysis? Select one: a. All benefits and costs need to be discounted...
Describe the differences between cost-effectiveness analysis and cost-benefit analysis as they pertain to the issue of...
Describe the differences between cost-effectiveness analysis and cost-benefit analysis as they pertain to the issue of building a pipeline from Alberta to B.C for the purpose of exporting bitumen to Asian markets.
What are the costs and benefits of too-big-to-fail policy?
What are the costs and benefits of too-big-to-fail policy?
What is cost effectiveness analysis? Why might we focus on cost effectiveness instead of efficiency? What...
What is cost effectiveness analysis? Why might we focus on cost effectiveness instead of efficiency? What is the relationship between cost effectiveness and efficiency? If an allocation of pollution control across firms is cost-effective – meaning that it is the least cost way of achieving the total level of pollution control done by the firms – what must be true of the allocation? Why is an emissions tax cost (or cap-and-trade scheme) effective? In general, why is a technology standard...
Create a proposed statistical analysis for the research proposal of "The benefits physical activity has on...
Create a proposed statistical analysis for the research proposal of "The benefits physical activity has on stress"
Create a proposed statistical analysis for the research proposal of "The benefits physical activity has on...
Create a proposed statistical analysis for the research proposal of "The benefits physical activity has on stress"
b) A proposal for changing an inspection procedure involves adding a new reporting requirement, as follows:...
b) A proposal for changing an inspection procedure involves adding a new reporting requirement, as follows: “At the end of the session or the series of sessions, the inspection leader will submit to management acopy of the inspection session findings report and a copy of the inspection session summary report.” ii. What is your recommendation – to add the new reporting requirement or not? Explain. [5 marks]
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT