Which of the Following Is an Approach Used by Economists

question 59

Multiple Choice

Which of the following is an approach used by economists to calculate the value of a human life?

• A)comparing the salaries of people who live in cities with more traffic lights to those who live in cities with fewer traffic lights
• B)comparing the wages of more risky occupations to less risky occupations
• C)comparing the costs of vehicles with safety features such as side-impact airbags to those without such safety features
• D)All of the above are correct.

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Definitions:

Green River Ordinances

Green River Ordinances are local laws that prohibit door-to-door sales unless the salesperson has received prior invitations from homeowners.

Unethical Sales Tactics

Sales methods that are deceitful, manipulative, or otherwise violate ethical standards, often employed to secure sales at the expense of customer trust.

High-Pressure

A term often used to describe aggressive sales tactics that push customers towards making immediate decisions or purchases.

Reciprocity

In business, reciprocity refers to the mutual exchange of goods, services, or favors, where both parties stand to benefit from the transaction.