Which of the Following Kinds of Risks Indicate the Comparative

question 2

Multiple Choice

Which of the following kinds of risks indicate the comparative odds of an unwanted event happening to members of various social demographic groups?

• A) Potential
• B) Differential
• C) Referential
• D) Cumulative

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Definitions:

Cheap Labor

Workforce available for employment at low wage rates, often used by companies to reduce production costs.

Expensive Labor

refers to the high costs associated with hiring workers, often due to skilled labor demands, labor laws, or other factors increasing wages.

Standard of Living

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area.

North American Free Trade Agreement

An agreement among the United States, Canada, and Mexico designed to remove tariff barriers between the three countries, promoting trade.