The Largest Ever Fine by the Occupational Safety and Health

question 35

Multiple Choice

The largest ever fine by the Occupational Safety and Health Administration (OSHA) was a(n) _____ penalty levied in 2009 against the oil giant BP after a 2005 explosion killed 15 workers and injured 170 others at a BP refinery in Texas.

• A)$27 million
• B)$87 million
• C)$147 million
• D)$217 million

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Definitions:

Public Choice Theory

The economic analysis of government decision making, politics, and elections.

Government Failure

A situation where government intervention in the economy creates inefficiencies and leads to a misallocation of resources.

Unfunded Liability

Obligations or debts for which sufficient funds have not been set aside, particularly relevant in the context of pensions and benefits.

Medicare

A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.