A Potential Implication of OSHA Regulation Is That

question 10

Multiple Choice

A potential implication of OSHA regulation is that

• A)the most risk averse workers begin working the riskiest jobs.
• B)the hedonic wage function may no longer exist at the safest levels.
• C)the hedonic wage function may no longer exist at the riskiest levels.
• D)average wages increase.
• E)for the same amount of output produced, total production costs will be less.

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Definitions:

Promissory Note

A lending agreement in which the borrower promises to pay principal and interest in accordance with specific terms.

Commercial Banks

Banks that provide a wide range of services to businesses and consumers including loans, checking accounts, and savings options.

Commercial Bank Loans

are loans that businesses and individuals can obtain from a commercial bank to finance various needs, such as business expansion or personal expenses.

Short-Term Financing

Refers to borrowing funds for a period of less than one year to meet immediate financial requirements.