Risk-averse workers
A. are willing to accept large wage decreases in exchange for a safer work environment.
B. never work in risky environments.
C. are willing to work in riskier environments for a relatively low increase in the wage.
D. have shallow wage-risk indifference curves when risk is graphed on the x-axis.
E. are more productive than risk-loving workers.
Answer: A
You might also like to view...
As the U.S. economy expanded and entered the 20th century, its federal government's need for renewable revenue sources grew. Expenditures significantly increased for all of the following reasons except
(a) Military (b) Expanding regulatory agencies (c) Public works, education and sanitation (d) Foreign interventionism
Positive statements are: a. prescriptive, making claims about how the world ought to be. b. descriptive, making claims about how the world is
c. optimistic, putting the best possible interpretation on things. d. affirmative, justifying existing economic policy.
Under perfect competition, a rightward shift of the market supply curve could be caused by
a. decrease in consumer demand b. technological advance c. high rate of inflation d. high interest rate e. increase in consumers' income for a normal good
Marginal Revenue Product with six units of labor would be
A. $70.
B. $60.
C. $120.
D. -$60.