When making decisions about what safety systems should be required in cars or airplanes, the will only approve rules where the estimated cost per life saved is _______
Or less.
A) U.S. Senate; $5 million
B) U.S. Congress; $2 million
C) Environmental Protection Agency; $3 million
D) Environmental Regulation Agency; $7 million

Question

Quizplus · Accepted Answer

The Environmental Protection Agency (EPA) is involved in assessing and implementing regulations that can include safety systems in various sectors, including transportation. They use cost-benefit analyses to ensure that the benefits of a regulation, such as lives saved, justify the costs. The specific dollar amount can vary over time and by context, but the EPA has been known to use thresholds in the range of millions of dollars per life saved to evaluate the cost-effectiveness of its regulations.

When Making Decisions About What Safety Systems Should Be Required