Which of the following is an approach used by economists to calculate the value of a human life?
a. comparing the salaries of people who live in cities with more traffic lights to those who live in cities with fewer traffic lights
b. comparing the wages of more risky occupations to less risky occupations
c. comparing the costs of vehicles with safety features such as side-impact airbags to those without such safety features
d. All of the above are correct.
b
Economics
You might also like to view...
Refer to Figure 2.1. If you choose to produce only agricultural products, what is the maximum quantity you can produce per year?
A) 200 tons B) 400 tons C) 600 tons D) > 600 tons
Economics
Variable inflation rates may be more costly socially than low but predictable rates of inflation
a. True b. False Indicate whether the statement is true or false
Economics