One Problem with Using Worker Willingness-To-Pay Figures to Set Safety

question 24

Multiple Choice

One problem with using worker willingness-to-pay figures to set safety standards is that

• A) the utility of other parties may be affected by worker safety levels.
• B) workers' preferences cannot be translated into monetary terms.
• C) the use of safety equipment will decrease workers' utility.
• D) willingness-to-pay figures usually decrease over time.

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Definitions:

Seneca Falls Convention

The Seneca Falls Convention, held in 1848, was the first women's rights convention, marking the start of the organized women's rights movement in the United States.

Elizabeth Cady Stanton

A leading figure of the early women's rights movement, known for her advocacy for women's suffrage and equality.

Lucretia Mott

An influential 19th-century American Quaker, abolitionist, social reformer, and advocate for women's rights, known for her significant contributions to social justice movements.

Declaration of Sentiments

A document signed in 1848 at the first women's rights convention that outlined the rights that American women should be entitled to as citizens.