Identify a key difference between cost-benefit analysis and cost-effectiveness analysis.
What will be an ideal response?
Cost-benefit analysis seeks to calculate both costs and benefits and is concerned with valuing the outcome. In contrast, cost-effectiveness analysis assumes the value and the benefit of the outcome and focuses on the costs.
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All of the following are TRUE about the collectivist consensus that existed in Great Britain following World War II EXCEPT that it a. was inspired by the suffering shared by Britons during World War II. b. led to the direct ownership by the British state of its key industries
c. accepted the policy of full employment. d. led to the expansion of the social welfare state and its services. e. was only promoted by a succession of left-leaning Labour governments until the 2008 global economic crisis.
A parliamentary system is different from the U.S. congressional system mainly due to __________
a. commonwealths and the monarchy sharing a federal relationship b. parliamentary government requiring monthly elections c. parliamentary systems requiring a king d. executive and judicial officials being responsible to the legislature in parliament
Typically, in presidential elections, the winning presidential candidate's party
a. loses seats in Congress. b. gains seats in Congress. c. maintains the same number of seats in Congress. d. adopts a liberal philosophy toward welfare programs. e. has no effect on the election of seats in Congress.
Soft news is more prevalent in ________.
A. Internet B. newspapers C. radio D. television