Older Workers Make Valued Employees for All of the Following

question 299

Multiple Choice

Older workers make valued employees for all of the following reasons EXCEPT:

• A) lower absenteeism.
• B) lower turnover.
• C) lower accident rates.
• D) lower health care costs.

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Definitions:

External Benefits

Benefits from an economic activity experienced by parties not directly involved in the transaction, often leading to positive spillovers in society.

Subsidizing Production

The act of providing financial support to companies or industries to reduce the cost of producing goods or services, often to encourage production or lower prices for consumers.

External Costs

Costs that affect parties who are not directly involved in the production or consumption of a good or service, often leading to market failures.

Underproduce

The act of producing less than is demanded or expected, often leading to shortages and increased prices.