Congressional Representatives Have Called for Extensive Ergonomics Regulations to Reduce

question 86

Multiple Choice

Congressional representatives have called for extensive ergonomics regulations to reduce strains and injuries from repetitive activities by workers. Such regulation, if passed, would be a good example of

• A) industrial regulation.
• B) the principal-agent problem.
• C) the free-rider problem.
• D) social regulation.

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Definitions:

Public Good

A provision of goods or services to everyone in society for free, by either governmental bodies or private entities, with no profit motive.

Private Goods

Goods that are excludable and rivalrous in consumption, meaning their use by one person diminishes availability for others and access can be restricted.

Rival Consumption

A situation in which one person's consumption of a good or service diminishes others' ability to consume the same good or service.

Excludable

A characteristic of a good or service that allows its owner to prevent others from using it without permission.