1. According to Viscusi and Gayer (2005), regulations in the United States vary greatly in the cost per each life they save and the value of life is between $4 million and $10 million (Viscusi, 2006). The regulation to install passive restraints in vehicles has a cost per life saved of $600,000, whereas the regulation to remove asbestos in workplaces has a cost per life saved of $180 million. What regulations pass a cost-benefit test? How might resources be shifted between these regulations in order to reduced cost or save more lives?