Which of these accurately reflect the limitations of cost-benefit analysis in education?

A. Difficulty in quantifying non-monetary benefits.

B. Short-term focus on costs.

C. Overemphasis on quantitative data.

D. Inclusion of intangible costs.

E. Lack of consideration for long-term outcomes.

Choose the correct answer from the options given below:

Correct option is C

Cost-benefit analysis (CBA) in education has several limitations:
1. Difficulty in quantifying non-monetary benefits (A): Benefits like emotional development, creativity, and civic responsibility are hard to measure in monetary terms.
2. Overemphasis on quantitative data (C): CBA tends to focus heavily on quantifiable outcomes like salary increases, ignoring qualitative aspects like personal growth.
3. Lack of consideration for long-term outcomes (E): CBA may prioritize short-term financial returns, overlooking long-term societal benefits of education, such as reduced crime rates or improved public health.
Information Booster:
· Non-monetary benefits: Include social skills, emotional intelligence, and civic engagement, all difficult to assign a financial value.
· Overemphasis on quantitative data: Fails to account for the broader educational outcomes like critical thinking, creativity, and citizenship.
· Long-term outcomes: Include benefits like higher quality of life, better public health, and lower crime rates, which may not show up in short-term analysis.