Chapter 9 Self Quiz

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. In 1973, Ford became aware that people were dying in low-speed rear-end collisions due to

faulty safety belts that would not release. correct incorrect

flammable upholstery. correct incorrect

a fuel tank that exploded easily. correct incorrect

All of the above correct incorrect

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. Ford calculated that the cost of fixing the design flaw came out to be about

$11 per car. correct incorrect

More than $200 million. correct incorrect

More than $100 million more than the value of lives saved. correct incorrect

All of the above correct incorrect

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. The $200,000 value Ford placed on a single life came from

the public relations department of Ford. correct incorrect

lawyers hired by Ford. correct incorrect

the NHSA. correct incorrect

All of the above correct incorrect

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. Today, the value of a statistical life is approximately

$1.1 million. correct incorrect

$125 million. correct incorrect

$3.5 million. correct incorrect

None of the above correct incorrect

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. Critics of the cost-benefit analysis object primarily that

it is unethical in principle to set a monetary value on human life. correct incorrect

we can never precisely identify the monetary value of a human life. correct incorrect

cost-benefit analysis tends to always mistakenly put too low a value on human life. correct incorrect

None of the above correct incorrect

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. The cost-benefit analysis is best described as being similar to

consequentialism. correct incorrect

deontology. correct incorrect

virtueethics. correct incorrect

None of the above correct incorrect

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. One argument against the close association of utilitarianism and cost-benefit analysis isutilitarianism

only takes pleasure into account, cost-benefit analysis measure money. correct incorrect

is a theory of rightness, while cost-benefit analysis is a process for decision-making. correct incorrect

emphasizes duties, cost-benefit analysis emphasizes human freedom. correct incorrect

All of the above correct incorrect

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. Zamir and Medina's formula

rules out preventative action that would violate people's rights. correct incorrect

is an alternative to a cost-benefit analysis. correct incorrect

always maximizes utility. correct incorrect

None of the above correct incorrect

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. Calculating the difference in price between the average home near a lake and the average home in the area not by the lake leads to

a price on nonmarket goods. correct incorrect

the hedonic value of the lake. correct incorrect

a way to calculate the aesthetic value of the environment. correct incorrect

All of the above correct incorrect

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. The travel cost method

protects the environment by imposing a cost on unnecessary travel. correct incorrect

is incompatible with cost-benefit analysis. correct incorrect

assesses value of a site by the cost of travel to it. correct incorrect

All of the above correct incorrect