What Are the Differences Between an Efficiency Analysis, a Cost-Benefit

question 45

Essay

What are the differences between an efficiency analysis, a cost-benefit analysis, and a cost-effectiveness analysis?

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Definitions:

Terminally Ill

A state of having a disease that is incurable and expected to lead to death within a relatively short time.

Irritable

A state of having a quick temper or being easily annoyed.

Teratogen

Any agent or factor that causes malformation of an embryo or fetus, including certain drugs, infections, and environmental chemicals.

Birth Defect

A physical or biochemical abnormality that is present at birth and can lead to disabilities or health problems.