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:

Unusual Uses Test

A creativity test that measures the ability of an individual to generate diverse and novel uses for common objects.

Creativity

The ability to generate new, diverse, and unique ideas, solutions, or products through imaginative skill and original thinking.

Deductive Thinking

A logical process where a conclusion is based on the concordance of multiple premises that are generally assumed to be true.

Identify

To recognize or establish the identity or nature of someone or something.