The best way of determining the value of a human life is to
A)evaluate the value of their expected earnings in the labor market.
B)evaluate the risks people are willing to take and what they would have to be paid to take them.
C)determine a person's accumulated wealth at the time of death.
D)do nothing; human life is priceless.

Question

Quizplus · Accepted Answer

Evaluating the risks people are willing to take and what they would have to be paid to take them is a common method used in economics to estimate the value of a statistical life, reflecting how people value risk and safety.

The Best Way of Determining the Value of a Human