Suppose There Are Two Types of Jobs-Safe and Risky

question 3

Multiple Choice

Suppose there are two types of jobs-safe and risky. Safe jobs currently pay $10 per hour. Risky jobs currently pay $20 per hour. The government intervenes in the market, mandating that all firms offer safe jobs and pay a wage of $10 per hour. Which of the following is true?

• A) Workers who originally worked safe jobs are helped by the policy.
• B) Firms that originally offered safe jobs are hurt by the policy.
• C) Workers who originally worked risky jobs are helped by the policy.
• D) Firms that originally offered risky jobs are hurt by the policy.
• E) No one is hurt by the new policy.

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