A Legal Alternative to Safeguarding the Point of Operation on a Mechanical

question 98

True/False

A legal alternative to safeguarding the point of operation on a mechanical power press is to employ a brake monitor and control system.

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Definitions:

Excise Tax

A tax levied on the production of a specific product or on the quantity of the product purchased.

Tax Revenues

The income that is gained by governments through taxation, an important source of revenue for government expenditures.

Inelastic Demand

A situation in which the demand for a product does not significantly change with a change in its price.

Price-Elastic

Refers to the degree to which the demand for a product changes in response to a change in its price.