Is the critique that Cost-Benefit Analysis (CBA) is valuable but has limitations when used in isolation, true?

The statement suggests that a critique of the Cost-Benefit Analysis (CBA) approach is that it is valuable but has limitations when used in isolation.

Cost-Benefit Analysis is a quantitative tool that systematically compares the monetary costs and benefits of a policy or project. While it is valuable for providing a structured, economic assessment, it has several known limitations:

• Difficulty in monetizing all relevant factors (e.g., environmental impacts, social equity, human life).
• Ethical concerns regarding the valuation of non-market goods.
• Potential for bias in how costs and benefits are identified and measured.
• It often prioritizes economic efficiency over other important policy goals like equity or fairness. Due to these limitations, policy analysts often argue that CBA should be used as one tool among many, rather than as the sole basis for complex policy decisions. Therefore, it is indeed considered valuable but limited when used alone.

The final answer is $\boxed{\text{True}}$

The statement claims that within the Systems Approach (e.g., David Easton's model), public participation is synonymous with "demands."

In the Systems Approach to political analysis, inputs to the political system include both demands and support.

• Demands are specific requests or expressions of needs from the public or various groups (e.g., demands for new laws, services, or regulations).
• Support refers to actions or attitudes that sustain the political system (e.g., obeying laws, paying taxes, participating in elections, showing loyalty).
• Public participation is a broader concept that encompasses various ways citizens engage with the political system. While making demands is a form of public participation, participation also includes providing support, engaging in policy implementation, or offering collaborative suggestions. Public participation is not exclusively limited to or synonymous with just "demands."

The final answer is $\boxed{\text{False}}$