Recall the Application about how the effect of a more dangerous job on wages may be used to calculate the value of a statistical life to answer the following question(s).According to the Application, one way to calculate the value of a statistical life is to compare how much more workers are paid with:
A. the increase in the probability of dying on the job.
B. the average age of death for people who worked in that type of job.
C. the number of people how died in that job that year.
D. how much the company pays for life insurance for their workers.
Answer: A
You might also like to view...
The individual pictured in Figure 5.3
A) must be risk-averse. B) must be risk-neutral. C) must be risk-loving. D) could be risk-averse, risk-neutral, or risk-loving. E) could be risk-averse or risk-loving, but not risk-neutral.
Explain the ways in which the government can persuade private businesses to invest more in order to speed up the process of capital formation?
The second phase of the industrial revolution first took place in ______ (a country) in the _______ (decade).
Fill in the blank(s) with the appropriate word(s).
Inventory investment occurs when
A. shopkeepers check their inventories. B. grocers sell stocks of canned goods off their shelves. C. automobile dealers add to their stocks of unsold cars. D. individuals buys more company stock shares online.