Microeconomics Question from Walter E. Williams:Edit
"Human Life is Priceless. Analyze
False. First this is a normative statement and we deal only with positive statements in economics. However, human life is “valued” in many different ways. Insurance firms value human life by charging a specified premium based on health and behavior. Individuals value their life by the amount of life insurance they purchase, by the way they choose to drive their cars and use/not use the safety features such as seat belts, and by the risks they choose to accept (flying, skydiving, scuba diving, etc).
- WEW-030 part a
|WEW Questions 81-100|
|WEW-081 • WEW-082 • WEW-083 • WEW-084 • WEW-085 • WEW-086 • WEW-087 • WEW-088 • WEW-089 • WEW-090|
|WEW-091 • WEW-092 • WEW-093 • WEW-094 • WEW-095 • WEW-096 • WEW-097 • WEW-098 • WEW-099 • WEW-100