The value of life is calculated by comparing
A. average wages to the average retirement age.
B. wages to the number of children in a worker's household.
C. risk levels to the number of children in a worker's household.
D. wages to risk levels.
E. average life expectancy by occupation to average risk levels by industry.
Answer: D
You might also like to view...
Joe is shopping for a new computer. A computer can be delivered to Joe's home for $1,200. Alternatively, Joe can pick up the same computer at the warehouse for $1,000. How should Joe buy the computer?
A. Joe should drive to the warehouse because $1,000 is less than $1,200. B. Joe should drive to the warehouse if his cost of driving to the warehouse is less than $200. C. Joe should drive to the warehouse because the $200 he would save by driving to the warehouse is more than 10% of the purchase price. D. Joe should drive to the warehouse if his cost of driving to the warehouse is greater than $200.
Problems of moral hazard and adverse selection occur most frequently when excessive information exists in markets
a. True b. False Indicate whether the statement is true or false
A progressive tax is one in which the fraction of income paid in taxes rises as a person's income increases
a. True b. False Indicate whether the statement is true or false
When a price floor is above the equilibrium price,
a. quantity demanded will exceed quantity supplied, so there will be a shortage. b. quantity supplied will exceed quantity demanded, so there will be a surplus. c. the market will be in equilibrium. d. This is a trick question because price floors are generally set below the equilibrium price.