In cost-benefit analysis, the evaluator must assign a monetary value to the benefits of a social service program.

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Cost-benefit analysis involves comparing the costs of a social service program to the monetary value of the benefits it provides. This requires assigning a monetary value to any positive outcomes or benefits that result from the program, such as increased employment, reduced crime, or improved health outcomes.

In Cost-Benefit Analysis, the Evaluator Must Assign a Monetary Value