Worker's Compensation Is Based Upon the Principle That,victims of a Work-Related

question 38

Multiple Choice

Worker's compensation is based upon the principle that,victims of a work-related injury or illness:

• A)are granted benefits regardless of who is responsible for the accident, injury, or illness.
• B)must prove that the employer directly or indirectly caused the accident, injury, or illness in order to receive benefits.
• C)must sue the company in order to receive benefits.
• D)are most likely to sue OSHA for wrongful-doing.
• E)should be granted compensation only at the discretion of the employer and the union.

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Definitions:

Production Possibilities Curve

A graphical representation that shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are used efficiently.

Available Resources

The tangible and intangible assets that can be used or mobilized to achieve specific objectives or to produce goods and services.

Production Possibilities Curve

A graphical representation showing the maximum number of goods or services that can be produced with a fixed amount of resources.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources, leading to the necessity of making choices.