The Intent of the __________ Is to Make the Employer

question 17

Multiple Choice

The intent of the __________ is to make the employer ultimately responsible for unforeseen or newly created workplace hazards.

• A)exclusivity principle
• B)emergency standard
• C)assumption of risk defense
• D)general duty clause

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Definitions:

Fewer Resources

The state of having limited amounts of inputs required to produce goods and services, such as capital, labor, and materials.

Exchange Rates

The worth of a currency when converted into another, establishing the quantity of one currency that can be swapped for another.

Gains from Trade

The net benefits that parties obtain by voluntarily exchanging goods or services in markets.

Comparative Advantage

The ability of an individual or country to produce a good or service at a lower opportunity cost than others.