Which of the Following Is NOT Typically True of a State

question 35

Multiple Choice

Which of the following is NOT typically true of a state workers' compensation statute?

• A) The system is no-fault.
• B) The system is based on the principle that the risks of injury in the workplace should be borne by the state.
• C) An employee is entitled to benefits regardless of the level of safety in the work environment.
• D) An employee is entitled to benefits regardless of the degree to which the employee's carelessness contributed to the incident.

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Definitions:

Economic Rent

The extra amount earned by a factor of production that exceeds the minimum amount necessary for it to be employed.

Labor Union

An organization formed by workers in the same trade or industry to collectively negotiate wages, benefits, working conditions, and rights.

Deadweight Loss

A cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.

Labor Market

The supply and demand for labor, where employers seek to hire workers and workers look for jobs.