Compensating Differentials Give Firms an Incentive to Increase Safety Only

question 128

Multiple Choice

Compensating differentials give firms an incentive to increase safety only if:

• A) firms perceive enough potential profit to pay for workers' safety.
• B) workers know that the job is risky.
• C) the premium of workers' compensation insurance is low.
• D) All of the answers are correct.

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Definitions:

Long-Term Investing

The practice of holding assets for an extended period to build wealth over time, typically involving stocks, bonds, or real estate.

Assistive Technologies

Devices or software designed to help people with disabilities perform tasks that might otherwise be difficult or impossible.

Cultural Adaptation

The process by which individuals or groups adjust to a new cultural environment, adopting new norms and behaviors to fit in.

Degrees of Freedom

In statistics, it refers to the number of independent values or quantities which can be assigned to a statistical distribution.