The Cost-Benefit Principle

question 128

Multiple Choice

The cost-benefit principle

• A) states that an action should be taken only if the total benefit is at least as great as the total cost.
• B) implies that the cost of all alternatives should be included when choosing among alternatives.
• C) states that an action should be taken only if the extra benefit is at least as great as the extra cost.
• D) states that an action should be taken only if the average benefit is greater than the average cost.
• E) states that an action should be taken only if the extra benefit is less than the extra cost.

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Definitions:

Categorical

Absolute or unqualified; relating to categories or being in a category.

Medical Model

A framework that views diseases and disorders primarily from a biological standpoint, focusing on diagnosis, treatment, and cure often within a healthcare setting.

Predictive Validity

The extent to which a score on a scale or test predicts future performance or outcomes.