Suppose That Firms That Had High Rates of Injury Had

question 66

Multiple Choice

Suppose that firms that had high rates of injury had to pay more for workers' compensation than did firms with lower rates of injury. This change would:

• A)unfairly penalize innovative firms.
• B)provide an incentive for firms to reduce risk of injury.
• C)provide an incentive for firms to reduce expenditures on safety equipment.
• D)reduce efficiency in labor markets.

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Definitions:

Different Things

A vague term that generally refers to objects, concepts, or entities that are not the same, highlighting diversity or variety in a group or category.

Vision And Hearing

Essential sensory processes involving the perception of visual stimuli and sound waves, respectively.

Arbitrator

An independent person or body officially appointed to settle a dispute outside the court system.

Award

A recognition or prize given for achievement, or in legal contexts, the resolution and determination provided by an arbitrator or judge.