Suppose That All Workers Value a Safe Job $2,000/year More

question 13

Multiple Choice

Suppose that all workers value a safe job $2,000/year more than a risky job.The cost of safety is $700 per worker.Firms currently pay $35,000 per year to workers,without any effort to improve safety.
Suppose new firms began to offer workers $34,000 per year and safe jobs.The new firms would find that

• A)no workers are applying for their jobs.
• B)only lower quality workers would apply for their jobs.
• C)only injury prone workers would apply.
• D)workers would be willing to accept their offer.

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Definitions:

Immigrant Group

consists of individuals who have moved from one country to another, not as temporary migrants but with the intention of settling in the new country, often forming communities with shared cultural or national backgrounds.

Host Society

The society or community that receives and integrates individuals or groups from different cultural, ethnic, or national backgrounds.

Intersectional Theory

A framework for understanding how aspects of a person's social and political identities combine to create different modes of discrimination and privilege.

Life Chances

The opportunities an individual has for achieving economic prosperity, quality education, healthcare, and living a fulfilling life, influenced by social and economic factors.