9 Cost Benefit Analysis Using the sources provided in this activity, complete a full cost-benefit analysis for one of the issues in this activity (the bottled water issue, the migrant worker issue or the sweatshop issue), following the example in the Mind's On. The steps are listed below. Share with your teacher. 1. Defining the issue - a description of the nature of the issue or problem under investigation that will usually include a description of the current situation or policy, written as a question. 2. Identify Choices classification of options with an analysis of the costs and benefits of each. 3. Clarifying Criteria a listing of the factors used to measure the costs and benefits and on which the final choice will be based. 4. Analysing Choices apply the criteria to analyse the costs and benefits of each option. 5. Evaluation/Conclusion the net benefit of each option is determined and the selection of option or artful combination of options with the greatest net benefit explained