Which of the Following Statements Is True

question 7

Multiple Choice

Which of the following statements is true?

• A) People regard human life as priceless when making choices involving risk.
• B) Only economists behave as if life has a finite value.
• C) Economists calculate the value of life on the basis of the cost of dying.
• D) People make decisions every day that reflect the valuations they place on their own lives.

---

Definitions:

Placenta

A specialized organ in mammals that provides oxygen and nutrients to growing embryos while removing waste products.

Interfamilial Conflicts

Disputes or disagreements that occur among members of a family or between different families.

Competitive Advantage

The attribute(s) that allows an organization to outperform its competitors, including cost structure, product quality, brand recognition, customer service, and innovation.

Global Economy

The interconnected worldwide economic system which includes the trade, finance, and markets on an international scale, influenced by global events and policies.