One Problem with Using Worker Willingness-To-Pay Figures to Set Safety

question 24

Multiple Choice

One problem with using worker willingness-to-pay figures to set safety standards is that

• A) the utility of other parties may be affected by worker safety levels.
• B) workers' preferences cannot be translated into monetary terms.
• C) the use of safety equipment will decrease workers' utility.
• D) willingness-to-pay figures usually decrease over time.

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Definitions:

Tet Offensive

was a series of surprise attacks launched by the Viet Cong and North Vietnamese forces against South Vietnamese and American forces in 1968, significantly affecting public opinion of the Vietnam War.

NLF Fighters

Members of the National Liberation Front, especially referring to the Viet Cong during the Vietnam War, who fought against the United States and South Vietnamese governments.

US Embassy

Diplomatic missions of the United States located in countries around the world, serving as the center of diplomatic relations and American interests abroad.

Dien Ben Phu

The site of a decisive battle in the First Indochina War (1954) where Viet Minh forces defeated French colonial forces, leading to the end of French Indochina.