A Cost Imposed on People Other Than the Consumers of a Good

question 42

Multiple Choice

A cost imposed on people other than the consumers of a good or service is a:

• A) price floor.
• B) negative externality.
• C) positive externality.
• D) price externality.

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Definitions:

Hazard Communication Standard

A regulation that ensures the information about chemical hazards and associated protective measures is communicated to workers and employers.

Occupational Safety

The practices and regulations implemented to ensure the health and safety of employees in the workplace.

Health Act

Legislation that provides guidelines and regulations to ensure the safety, well-being, and health protection of individuals in the workplace or public spaces.