Education · Economics of Education
Consider the following statements regarding economic analysis in education: Statement 1: Cost-Benefit Analysis in education measures the ratio of total educational benefits to total costs in monetary terms. Statement 2: Cost-Effectiveness Analysis compares programs by their cost per unit of a specific non-monetary outcome. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither Statement 1 nor 2
- 2Both Statements 1 and 2✓
- 3Only Statement 2
- 4Only Statement 1
Correct answer
Both Statements 1 and 2
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