Benefit-Cost Analysis aims to compare the costs and benefits of a project to determine its economic feasibility and make informed investment decisions.

Environmental Impact Assessment is not a typical component of Benefit-Cost Analysis, which focuses on comparing the monetary costs and benefits of a project.

The Cost-Benefit Ratio is calculated by dividing the total benefits of a project by the total costs of the project.

Net Present Value (NPV) is calculated by subtracting the present value of costs from the present value of benefits.

Internal Rate of Return (IRR) is the discount rate at which the Net Present Value (NPV) of a project is equal to zero.

Incorporating externalities into the analysis is not a limitation of Benefit-Cost Analysis, as it is a standard practice to consider the external costs and benefits of a project.

Sensitivity analysis in Benefit-Cost Analysis involves varying the input parameters, such as costs, benefits, and discount rates, to assess their impact on the results and determine the robustness of the analysis.

Analyzing the environmental impact of a project is not a common application of Benefit-Cost Analysis, as it focuses on comparing the monetary costs and benefits of a project.

The payback period of a project is the time it takes to recover the initial investment made in the project.

Sunk costs are not considered in Benefit-Cost Analysis because they are past costs that cannot be recovered and therefore do not affect the decision-making process.

The social discount rate used in Benefit-Cost Analysis represents the opportunity cost of public funds, which is the rate of return that could have been earned if the funds were invested in an alternative project.

Reduced environmental pollution is not typically considered a benefit in Benefit-Cost Analysis, as it is an externality that is not directly captured in the monetary analysis.

Shadow pricing in Benefit-Cost Analysis involves adjusting prices to reflect their true social value, which may differ from market prices due to externalities or market imperfections.

Payback period analysis is not a common method used to evaluate the sensitivity of Benefit-Cost Analysis results, as it does not consider the time value of money or the full range of costs and benefits over the project's life.

Cost-effectiveness analysis aims to determine the most cost-effective way to achieve a specific objective, by comparing the costs and benefits of different project alternatives.