Other Things Being Equal, Individuals Working in Relatively Risky Working

question 20

Multiple Choice

Other things being equal, individuals working in relatively risky working conditions generally

• A) work in perfectly competitive labour markets.
• B) earn lower wages because of the scarcity of these jobs.
• C) earn higher wages due to the reduced supply of risk- taking individuals.
• D) do not concern economists as these situations are uncommon.
• E) earn higher wages due to the greater relative demand for these individuals.

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Definitions:

Affective

Relating to moods, feelings, and attitudes; the emotional aspect of the mind's function.

Attitude

A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.

Physiological

Related to the normal functions of living organisms and their parts, including all physical and chemical processes.

Evolutionary

Pertaining to the process of natural selection and adaptation where species undergo genetic change over time, resulting in new characteristics that can enhance survival and reproduction.