A potential implication of OSHA regulation is that
A. the most risk-averse workers begin working the riskiest jobs.
B. the hedonic wage function may no longer exists at the safest levels.
C. average wages increase.
D. the hedonic wage function may no longer exists at the riskiest levels.
E. for the same amount of output produced, total production costs will be less.
Answer: D
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Refer to Figure 9-5. The increase in domestic producer surplus as a result of the tariff is equal to
A) $11.25 million. B) $18 million. C) $32.5 million. D) $45 million.
Growth in per capita GNP in developing countries has tended to be much more variable in recent years than per capita GNP growth rates in industrialized countries
Indicate whether the statement is true or false
The position of the Keynesian aggregate demand schedule does not depend on the
a. level of government spending. b. level of tax collections. c. level of autonomous investment expenditures. d. quantity of money. e. the price of inputs such as oil.
In the long run, the supply curve
A) is more elastic than it is in the short run. B) is less elastic than it is in the short run. C) exhibits no systematic sequence of changes in elasticity. D) exhibits no change in elasticity at all.