Cost-benefit analysis and cost-effectiveness

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1. 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.

2. The life of one who dies in a workplace accident has _____ value that can be measured, in part, by the lost wages that would have been earned had that person lived. a. absolute b. instrumental c. intrinsic d. extrinsic.

Reference no: EM132083778

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