Government policies designed to increase the skills of the work force shift the labor demand curve to the right, increasing employment and total output

Darnell can work on an oil rig, where the probability of being killed in a work-related accident is 4/6,000, or he can earn work as a lumberjack, where the probability of being killed in a work-related accident is 1/6,000

Using the compensating differential approach, the value of Darnell's life is $6 million. How much more per year will working on an oil rig pay than working as a lumberjack? A) $2,000 B) $3,000 C) $4,000 D) $6,000

Which one of the following is NOT a key trade-off a society faces?

A) Who gets the goods and services B) Who produces the goods and services C) Which goods and services to produce D) How to produce