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a.Distinguish between the human capital and willingness-to-pay approaches for determining the value of a life. b.The willingness-to-pay approach generally estimates the value of a life

a.Distinguish between the human capital and willingness-to-pay approaches for determining the value of a life.

b.The willingness-to-pay approach generally estimates the value of a life to be higher than the human capital approach? True or false, explain?

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