A method of valuing a life that estimates how much money it takes to get the typical person to bear an additional risk of death is called the
A) lost-income approach.
B) compensating differential approach.
C) daredevil approach.
D) price-is-right approach.
B
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The economy of Budopia is going through a recession. How will a countercyclical policy affect the labor market in Budopia if wages are flexible? Explain with a diagram
What will be an ideal response?
A local restaurant offers an "all you can eat" Sunday brunch for $12 . Susan eats four servings, but leaves half of a fifth helping uneaten. Why?
a. Her marginal value of a serving of brunch has fallen below $12. b. Her marginal value of a serving has fallen below $2.36 ($12 divided by 5 servings). c. Her marginal value of food has fallen to zero. d. The total value she places on brunch today exactly equals $12.
When voting systems fall short of the ideal by violating the principle of transitivity, the ____________ is sometimes crucial in shaping the final outcomes.
A. order in which voters get to cast their votes B. order in which the votes get tallied C. power to set the agenda D. ability to say how much one option is preferred over others
If the Dow Jones Industrial Average is currently at 10,000 and the price of one stock included in the index increases by $10, the Dow Jones Industrial Average will:
A. increase by 10.0%. B. increase by 1.0%. C. increase by 0.1%. D. not change; it is a value-weighted index.