Which of the following techniques is used by economists to value years of life saved by a highway safety program?
A) Measuring the increased income that it allows
B) Trying to get those affected by the improved safety to reveal their willingness to pay for the reduced risk of death
C) Either (a) or (b) is correct.
D) None of these are correct, because economists believe that it is impossible to put a value on life.
Correct Answer:
Verified
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