Risk-Averse Workers

question 1

Multiple Choice

Risk-averse workers

• A) have shallow wage-risk indifference curves when risk is graphed on the x-axis.
• B) are willing to work in riskier environments for a relatively low increase in the wage.
• C) are willing to accept large wage decreases in exchange for a safer work environment.
• D) never work in risky environments.
• E) are more productive than risk-loving workers.

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Definitions:

American

Relating to or characteristic of the United States of America, its inhabitants, or their culture.

Wage System

The method or structure of paying laborers and employees for their work, often based on hours worked, productivity, or roles.

Government Ownership

The situation where assets, enterprises, or sectors are owned and controlled by the government rather than private individuals or companies.

Labor Movement

A collective organization of workers and unions aimed at improving wages, working conditions, and workers' rights through collective bargaining and political actions.