For Use in Cost-Benefit Analysis,how Is the Value of a Human

question 9

Multiple Choice

For use in cost-benefit analysis,how is the value of a human life sometimes calculated

• A)on the basis of the risks that a person voluntarily exposes herself to in her job and in her daily activities
• B)on the basis of the value of each individual's assets
• C)on the basis of an infinite value for each life
• D)on the basis of the amount of resources required to adequately sustain life

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Definitions:

Efficient Allocation

An economic condition where resources are distributed in a manner that maximizes the net benefits to society.

Infeasible Combination

A combination of goods or services that cannot be produced given the current technology or resources, often represented in economic models.

Coconuts

Tropical fruits known for their hard shell, edible white flesh, and water, utilized for various culinary, cosmetic, and industrial purposes.

Fish

Aquatic, cold-blooded vertebrates with gills and limbs in the form of fins, living in seas or freshwater.