Which Argument in Favor of Enacting Workplace Safety Regulations Can

question 24

Multiple Choice

Which argument in favor of enacting workplace safety regulations can be justified using economic tools or observation?

• A)Analyzing safety in terms of monetary costs and benefits is inappropriate.
• B)Concerns about relative income encourage some workers to accept risk in exchange for higher wages,and that strategy can lead to an inefficient outcome.
• C)Economic regulations in competitive markets generally increase total economic surplus.
• D)Firms that exploit workers typically earn excessive profits for the owners,while the workers bear the risk of injury.

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Definitions:

China

A country in East Asia, known for its vast history, diverse culture, and as being one of the world's oldest civilizations.

Self-Presentation

The process by which individuals attempt to control the impressions others form of them, often through managing their own behavior, appearances, or information in social contexts.

Modesty

The quality of being humble or reserved in behavior, dress, and language.

Self-Knowledge

The understanding or insight a person has into their own personality, actions, and motivations.