A problem with using cost-benefit analysis is that

Question

Quizplus · Accepted Answer

Cost-benefit analysis is often used in economic evaluations of programs, but many benefits, particularly those in human service settings, are intangible and cannot be easily converted to a dollar value. For example, how do you value the benefit of improving someone's mental health or reducing social isolation? This difficulty in valuing benefits can limit the usefulness of cost-benefit analysis in certain circumstances. The other options are not accurate, as estimating costs is an important part of cost-benefit analysis, the dollar unit can still be important in human service settings (such as determining funding priorities), and cost-benefit analysis can provide valuable information for program evaluation reports.

A Problem with Using Cost-Benefit Analysis Is That