The Economic Analysis Method Used When There Are Alternative Ways

question 9

Multiple Choice

The economic analysis method used when there are alternative ways of attaining a single type of outcome is:

• A) Cost-utility analysis
• B) Cost-minimization analysis
• C) Cost-effectiveness analysis
• D) Cost-consequence analysis

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Definitions:

Sociability

The ability or tendency to engage in social interactions or to enjoy being in social situations.

Goal Attainment Scaling

A method used in planning and evaluation that establishes a set of personal or organizational objectives and assesses their attainment within a predefined timeframe.

Worker

An individual engaged in a particular job or activity, especially for wages or salary.

Group

a set of individuals with a shared purpose or goal.