If national laws protecting the health and safety of workers completely eliminate any and all risk, then
A) more people would be employed.
B) workers in risky occupations become better off.
C) compensating differentials would grow because workers could not be compensated by being given lower risk jobs.
D) compensating wage differentials disappear and workers in risky occupations may be no better off.
D
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When an asset is traded for goods and services it is serving the function of a ________
A) store of value B) loanable fund C) unit of account D) medium of exchange
If a price ceiling of $8 were placed in the market in the graph shown:
A. a shortage of 7 would occur.
B. a shortage of 15 would occur.
C. a shortage of 23 would occur.
D. a shortage of 8 would occur.
Economist John Maynard Keynes noted one of the main contributors to the Great Depression in the 1930s was:
A. insufficient spending causing below natural rate output. B. poor infrastructure for manufacturing. C. a labor market that could not meet the demands of the market at the time. D. an insufficient agriculture sector, unable to produce enough food for the large US population.
In recent decades, richer countries have experienced ________ inequality, and poor countries have experienced ________ inequality.
A. decreasing; increasing B. decreasing; decreasing C. increasing; decreasing D. increasing; increasing