A Company Has Two Locations Where It Employs Workers Doing

question 14

Multiple Choice

A company has two locations where it employs workers doing the same job and working the same hours. Other things the same most workers would prefer to live in location A, but location A has a higher cost of living than location B.

• A)The company likely needs to pay workers in location A more.
• B)The company likely needs to pay workers in location B more.
• C)It's not clear if the company would need to pay more to workers in location A or location B.
• D)The company must pay workers the same amount.

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Definitions:

Individual Firms

Separate business entities that produce goods or provide services in an economy.

Laissez-Faire Capitalism

An economic system where private parties are free from government intervention in the production and distribution of goods and services, barring basic regulations.

Government Role

The range of activities undertaken by the government to regulate, supervise, and participate in the economy, including legislation, taxation, and public services.

Industrial Safety

The management of all operations and events within an industry, designed to protect employees and assets by minimizing hazards, risks, and accidents.