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Business, 05.07.2021 19:30 irelandcrawford5469

High-income people are willing to pay more than lower-income people to avoid the risk of death. For example, they are more likely to pay for safety features on cars. If a rich town put in a traffic light while a poor town does not, it may be that the poor town uses a dollar value for a human life in its cost-benefit analysis than the rich town.

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High-income people are willing to pay more than lower-income people to avoid the risk of death. For...
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