Scenario 2.2: in 1992, the Occupational Safety and Health Authority Passed the Passed

question 39

Multiple Choice

Scenario 2.2:
In 1992, the Occupational Safety and Health Authority passed the Bloodborne Pathogens Standard (BBP) , which regulates dental office procedures. This regulation is designed to minimize the transmission of infectious disease from patient to dental worker. The effect of this regulation was both to increase the cost of providing dental care and to ease the fear of going to the dentist as the risk of contracting an infectious disease.
-Refer to Scenario 2.2. Under what circumstances will the equilibrium level of output of dental care remain the same?

• A) If supply shifts more than demand.
• B) If demand shifts more than supply.
• C) If both demand and supply shift by the same magnitude.
• D) If supply and demand shift in the same direction.

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Definitions:

Industrial Organizations

A field of economics dealing with the strategic behaviors of firms, market competition, antitrust laws, and the regulation of industries to promote competition and economic efficiency.

Union Members

Individuals who belong to a labor union, which is an organization that represents workers in negotiations with employers regarding wages, work conditions, and other employment-related issues.

Affiliated

Connected or associated with another entity or organization, often through ownership or partnership.

Noncompeting Groups

Segments of the labor market where workers do not compete with each other for jobs due to differences in skills, geographies, or job functions.