Which of the Following Techniques Is Used by Economists to Value

question 35

Multiple Choice

Which of the following techniques is used by economists to value years of life saved by a highway safety program?

• A)Measuring the increased income that it allows
• B)Trying to get those affected by the improved safety to reveal their willingness to pay for the reduced risk of death
• C)Either (a) or (b) is correct.
• D)None of these are correct, because economists believe that it is impossible to put a value on life.

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Definitions:

Test-taking Anxiety

Anxiety experienced before or during exam situations, which can impair the ability to perform well.

Task-oriented Coping Statement

Assertive expressions focused on dealing with stress or challenges through direct action and problem solving.

Feeling Stressed

Experiencing emotional or physical tension due to perceived challenges or threats.

Task-oriented Coping Statement

Positive affirmations or reminders used to focus one's efforts on the activities or tasks at hand as a strategy for managing stress or overcoming obstacles.