How do federal agencies typically value lives saved by health, safety, and environmental regulations? A. Agencies consider medical expenses, pain and suffering, lost wages, and funeral and burial expenses B. Agencies ask individuals how much they would pay to avoid dying and average the results for the population C. Agencies use labor-market data to determine how much individuals are willing to pay to avoid (or, willing to accept to face) small fatality risks and use this information to generate a value of statistical life D. (A), (B), and (C) E. (B) and (C)
How do federal agencies typically value lives saved by health, safety, and environmental regulations? A. Agencies consider medical expenses, pain and suffering, lost wages, and funeral and burial expenses B. Agencies ask individuals how much they would pay to avoid dying and average the results for the population C. Agencies use labor-market data to determine how much individuals are willing to pay to avoid (or, willing to accept to face) small fatality risks and use this information to generate a value of statistical life D. (A), (B), and (C) E. (B) and (C)
Chapter6: Population Health
Section: Chapter Questions
Problem 2QAP
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Question
How do federal agencies typically value lives saved by health, safety, and environmental regulations?
A. |
Agencies consider medical expenses, pain and suffering, lost wages, and funeral and burial expenses
|
|
B. |
Agencies ask individuals how much they would pay to avoid dying and average the results for the population
|
|
C. |
Agencies use labor-market data to determine how much individuals are willing to pay to avoid (or, willing to accept to face) small fatality risks and use this information to generate a value of statistical life
|
|
D. |
(A), (B), and (C)
|
|
E. |
(B) and (C)
|
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