Maria can work as a coal miner, where the probability of being killed in a work-related accident is 5/8,000, or she can earn work as a truck driver, where the probability of being killed in a work-related accident is 2/8,000
Using the compensating differential approach, the value of Maria's life is $4 million. How much more per year will working as a coal miner pay than working as a truck driver? A) $1,500
B) $2,000
C) $2,500
D) $3,500
A
Economics
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In the efficiency wage model, an increase in productivity would
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Which of the following taxes is most clearly based on the benefits-received principle of taxation?
a. corporate income tax b. gasoline tax c. personal income tax d. payroll tax e. value added tax
Economics