Which of the following is a distinguishing feature between cost-benefit analysis and cost-effectiveness?
A) Cost-effectiveness requires that an economic value be placed on one's life and bodily integrity.
B) Cost-benefit analysis adopts the most efficient means available to achieve a particular standard.
C) Cost-benefit analysis treats health and safety merely as an instrumental value and denies its intrinsic value.
D) Cost-effectiveness uses economic criteria before setting the standards.
Correct Answer:
Verified
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