Which of the following techniques is used by economists to value years of life saved by a highwaysafety program?Either measuring the increased income that it allows or trying to get those affected by the improved safety toreveal their willingness to pay for the reduced risk of deathTrying to get those affected by the improved safety to reveal their willingness to pay for the reduced risk ofdeathnone of the other answers is correct, because economists believe that it is impossible to put a value on lifeMeasuring the increased income that it allows

Economists use cost-benefit analysis to evaluate the viability and efficacy of different policies…

Which of the following techniques is used by economists to value years of life saved by a highway safety program? Either measuring the increased income that it allows or trying to get those affected by the improved safety to reveal their willingness to pay for the reduced risk of death O Trying to get those affected by the improved safety to reveal their willingness to pay for the reduced risk of death O none of the other answers is correct, because economists believe that it is impossible to put a value on life O Measuring the increased income that it allows

Which of the following techniques is used by economists to value years of life saved by a highway safety program? Either measuring the increased income that it allows or trying to get those affected by the improved safety to reveal their willingness to pay for the reduced risk of death O Trying to get those affected by the improved safety to reveal their willingness to pay for the reduced risk of death O none of the other answers is correct, because economists believe that it is impossible to put a value on life O Measuring the increased income that it allows

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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