Most of the Laws That OSHA Can Use to Enact

question 4

Multiple Choice

Most of the laws that OSHA can use to enact regulations and statutes are ________ laws.

• A) constitutional
• B) legislative
• C) administrative
• D) common

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Definitions:

Producer Surplus

The gap between the minimum amount producers are willing to accept for providing a good or service and the actual amount they end up receiving.

Producer Surplus

The additional income a producer receives for selling a good or service above its production cost.

Tax

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization.

Consumer Surplus

The discrepancy between the amount consumers are prepared to spend on a product or service and the actual price they pay.