Such a conceptual enquiry may be a decision to carry out a cost analysis or:
Correct answer: D. Cost-benefit analysis
- A. Cost-observed analysis
- B. Cost-calculated analysis
- C. Cost-minus analysis
- D. Cost-benefit analysis
Explanation
Cost-benefit analysis compares the expected costs of an action with its expected benefits to support a decision. The other terms are not standard forms of economic evaluation.
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263 free Research Methods and Statistics MCQs from Psychology, each with the correct answer and an explanation. Unlimited attempts, no account needed.
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