It is impossible to incorporate the value of human life into implicit and explicit cost-benefit analyses.

Name: It is impossible to incorporate the value of human life into implicit and explicit cost-benefit analyses.
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Question

Quizplus · Accepted Answer

While challenging, economists and policymakers often incorporate the value of human life into cost-benefit analyses through methods like the Value of a Statistical Life (VSL), which estimates the monetary value people place on reducing their risk of death.

It Is Impossible to Incorporate the Value of Human Life