Compare and contrast cost-effectiveness analysis and cost–benefit analysis.
What will be an ideal response?
Both are measures of efficiency, that is, the benefits relative to the invested costs. Cost–benefit analysis monetizes the impacts or outcomes. Cost-effectiveness analysis does not attempt to put the benefits of an action in dollar terms; it assumes that benefits will occur using the alternatives and may select an alternative based on the least cost.
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An explanation for German redistribution that focuses on Germany's educational system and labor relations would likely be a(n) ______ explanation
a. cross-case b. ideational c. institutional d. rational-material
Critical thinking
A) involves superstition and witchcraft. B) looks at an issue from one viewpoint only. C) has little to do with research. D) leads us to uncover hidden assumptions.