In Addition to Being Granted the Right to a Workplace

question 17

Multiple Choice

In addition to being granted the right to a workplace free from recognized hazards, employees under the Occupational Safety and Health Act are protected from:

• A)retaliation.
• B)territorial jurisdiction.
• C)extradition.
• D)government interference.

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Definitions:

Externalities

Financial consequences for unrelated third parties, which can manifest as either positive or negative effects.

Perfectly Competitive

Describes a market structure where many firms sell identical products, there are no barriers to entry, and no single buyer or seller can influence the market price.

Allocate Resources

The process of distributing available resources, such as labor, capital, and land, among various uses to fulfill societal needs and wants.

Consumer Surplus

The deviation between the monetary amount consumers are willing to pay for a good or service and the monetary amount they actually pay.