The Occupational Safety and Health Administration (OSHA) attempts to stop safety violations in business through inspections and fines. Though workers are supposed to earn a premium wage for working in more risky environment, the OSHA inspections may be a good idea because
A. employees may already understand the risks that they are exposed to on the job.
B. there are never any societal costs or externalities to dangerous working conditions.
C. employees might not have good information about the level of danger.
D. inspections and fines may raise the cost of production significantly.
Answer: C
You might also like to view...
Which of the following observations is true?
A. TFC remains the same irrespective of units of output produced. B. TVC remains the same irrespective of units of output produced. C. TVC falls as the unit of output increases. D. AFC increases as output increases further and further.
The WTO was established by the ________ of multilateral trade negotiations
A) Kennedy Round B) Tokyo Round C) Uruguay Round D) Dillon Round E) NAFTA Round
How will an increase in lumber prices influence the home construction market?
A. The demand for newly constructed homes will increase. B. The demand for newly constructed homes will decrease. C. The supply of newly constructed homes will increase. D. The supply of newly constructed homes will decrease.
sum of all the individual quantities demanded by each buyer in the market at each price
What will be an ideal response?