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A worker, who is typical in all respects, works for a wage of $30,000 per year in a perfectly safe occupation. Another typical worker does a job requiring exactly the same skills as the first worker, but in a risky occupation with a known death probability of 1 in 1,000 per year, and receives a wage of $36,000 per year. What value of a human life for workers with these characteristics should a cost-benefit analyst use?
The construction of a dam that would provide hydroelectric power would result in the loss of two streams: one that is now used for sport fishing, and another that does not support game fish but is part of a wilderness area.
a. Imagine that a CV method is used to estimate the social cost of the loss of each of these streams. Would you be equally confident in the two sets of estimates? Why?
b. Consider two general approaches to asking CV questions about the streams. The first approach attempts to elicit how much compensation people would require to give up the streams. The second approach attempts to elicit how much people would be willing to pay to keep the streams. Which approach would you recommend? Why?
The Charlotte Bobcats, a professional basketball team, has been offered the opportunity to purchase the contract of an aging superstar basketball player from another team. The general manager of the Bobcats wants to analyze the offer as a capital ..
Why might it be difficult for the Fed to formally adopt inflation targeting? Would inflation targeting be a good policy for the Fed in the present economic environment
ACME Corporation consists of 250 grocery stores throughout the Midwest. At the starting of 2008 its statement of net worth showed the following data,
Congressional action taht allows oil drilling operation in more areas of the Alaska preserve.
In the very real sense of the concept - When you vote for a presidential candidate you are really voting to instruct the electors from your state to cast their votes for the same candidate. The candidate who wins the popular vote in a state wins a..
What is the effect of health insurance on health - Define the counterfactual outcomes Y0i and Y1i.
What is the Consumer Price Index (CPI) and How has the CPI behaved since the year 2000? What have been the causes of these changes? In your response, include a graph of the CPI for this period and cite your source.
How can we measure our nation's economic performance? What are the two different approaches? What factors make it difficult to calculate GDP accurately? How does GDP fail to measure economic welfare accurately?
During the late 1980' and early 1990's, economic reforms initiated by Soviet President Mikhail Gorbachev began to raise consumer incomes; but the Soviet government continued to impose price ceilings on basic goods like food, clothing and household..
Provide an economic profile of the Airline industry. Include an industry profile, Industry size data and current developments and trends within the industry.
describe when and why central banks buy either their own currency or the currency of another nation in an effort to
1. nbsp what is the distinction between net investment and gross investment? which is the total amount spent on
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