Suppose That All Workers Value a Safe Job $2,000 Per

question 15

Multiple Choice

Suppose that all workers value a safe job $2,000 per year more than a risky job. The cost to firms of providing a safe job is $700 per year for each worker. Firms currently pay workers $35,000 per year, without any effort to improve safety. If new firms began to offer workers $34,000 per year and safe jobs, then the total cost of hiring a worker would be ______ at the new firms and ______ at the existing firms.

• A)$33,700; $35,700
• B)$34,700; $35,000
• C)$35,000; $34,700
• D)$35,700; $33,700

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Definitions:

Jung

Carl Jung, a Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for concepts such as the collective unconscious, archetypes, and psychological types.

Spiritualistic Theories

Hypotheses or beliefs that suggest a non-physical realm or spiritual dimensions can influence human behavior and life.

Freud

An Austrian neurologist and the founder of psychoanalysis, known for his theories about the unconscious mind and the development of personality.

Basic Anxiety

Basic anxiety is a term coined by psychoanalyst Karen Horney, referring to feelings of helplessness and insecurity that arise from a hostile environment.