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Sociology QUESTION #10103
Question 1
Which is a commonly cited limitation of cost-benefit analysis in social research?
  • It cannot use any numerical data
  • Difficulty in monetizing intangible social/psychological outcomes✔️
  • It ignores all costs
  • It requires no data collection
Correct Answer Explanation
Cost-benefit analysis struggles to assign monetary value to intangible outcomes like wellbeing or social cohesion.