Economics · Economics of Education
Consider the following statements regarding Cost-Benefit Analysis (CBA) and Cost-Effectiveness Analysis (CEA) in education: (i) CBA determines whether an educational plan makes financial profits by comparing costs and benefits in monetary terms. (ii) CEA is used when objectives are measurable but not necessarily in terms of money. (iii) CBA accounts for intangible costs like opportunity costs to assess returns on investment. (iv) CEA compares two outcomes based on relative costs to identify the most efficient opportunity for success. Which of the statements above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(i), (ii), (iii), and (iv)✓
- 2(i), (ii), and (iv) only
- 3(ii) and (iii) only
- 4(i) and (ii) only
Correct answer
(i), (ii), (iii), and (iv)
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