To estimate the value of a statistical life, economists sometimes ask people how much they would be willing to pay to reduce their risk of death by a small amount. This method of determining the value of a statistical life is known as

Refer to Figure 9-1. Suppose the government allows imports of leather footwear into the United States. What will be the quantity of imports?

A) 5 units B) 10 units C) 15 units D) 20 units

Suppose there's an 80% chance of a stock rising by 20% and a 20% chance of it falling by 40%. What is the expected rate of return on the stock?

A) -40% B) -20% C) 8% D) 16%