What Is NOT a Reason Why Are Jobs Safer Today

question 218

Multiple Choice

What is NOT a reason why are jobs safer today than they were some decades ago?

• A) Workers are wealthier and less willing to take on risk.
• B) The laws enforced by OSHA (Occupational Safety and Health Administration) have made jobs safer.
• C) Market competition has ensured that firms have installed safety procedures.
• D) Jobs are not safer than they were decades ago.

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Definitions:

Renting

The act of paying for the use of something, typically property, land, or a vehicle, owned by another person or company, over a specific period.

Additional Cost

Expenses that are not previously planned or accounted for, often arising unexpectedly in the course of an action or project.

Conditional Factor Demand Function

Represents the quantity of an input demanded at each level of output, prices of inputs, and technology, given the firm's optimization behavior.

Optimal Factor Choice

A decision-making process in which a firm determines the most efficient combination of factors of production (labor, capital, etc.) to maximize output or minimize costs.