Using earnings potential in court cases to place a value on human life implies that a person who earns a high income is more valuable than a person who earns a low income.
Answer the following statement true (T) or false (F)
True
Using earnings potential as a proxy for the value of a life applies to a specific person and the income that person would have been likely to earn had that person continued to live.
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Suppose the majority of the shares of British Airways stock were sold to a firm in the United States. Assuming all else remains constant, this will
A) decrease the balance of the U.S. financial account. B) create a capital inflow in the United States. C) decrease foreign direct investment in the United States. D) increase net portfolio investment in the United States. E) decrease the balance of the U.S. current account.
The decreasing portion of a firm's long-run average cost curve is attributable to
a. diminishing returns to scale b. increasing marginal cost c. economies of scale d. diseconomies of scale e. constant returns to scale
A demand curve that shows the relationship between the price of a good and the amount of the good consumed holding the consumer's well-being fixed and allowing their to income vary is called:
A. an uncompensated demand curve. B. a compensated demand curve. C. a Marshallian demand curve. D. a derived demand curve.
Refer to the information provided in Figure 34.2 below to answer the question(s) that follow.
Figure 34.2Refer to Figure 34.2. The dollar is currently at Point A. An decrease in income in the U.S. causes a movement to Point
A. E. B. B. C. C. D. D.