In a cost-benefit analysis, the value of a human life is sometimes calculated on the basis of
a. the risks that a person voluntarily exposes herself to in her job and/or recreational choices.
b. the value of each individual's assets.
c. the belief that human life is priceless.
d. the amount of resources required to adequately sustain life.
a
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Sam wants to trade eggs for sausage. Sally wants to trade sausage for eggs. Sam and Sally have a double-coincidence of wants
a. True b. False Indicate whether the statement is true or false
A monopolist would probably earn fewer profits if
A) the importance of specialized capital equipment in its production techniques increased. B) the time length of patents increased. C) environmental regulations increased that required the purchase of special capital equipment. D) tariffs on competing products were lowered.