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To Estimate the Value of a Statistical Life,economists Sometimes Look

Question 15

Multiple Choice

To estimate the value of a statistical life,economists sometimes look at the decisions that people make that will change their risk of death.For example,people may accept a more dangerous job in exchange for higher pay.This method of determining the value of a statistical life is known as


A) revealed preference.
B) stated preference.
C) the actuarial method.
D) the trade-off method.

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