« previous next »

Author Question: Government mandated safety standards within firms A) will always decrease efficiency. B) can ... (Read 71 times)

Caiter2013

  • Hero Member
  • *****
  • Posts: 607
on: Jul 1, 2018
Government mandated safety standards within firms
 
  A) will always decrease efficiency.
  B) can increase efficiency by avoiding a prisoner's dilemma outcome.
  C) are unnecessary because of asymmetric information.
  D) will create unfair competition among firms.

Question 2

Firms under-invest in safety because
 
  A) firms are not concerned with safety.
  B) firms do not want their plants to be safe.
  C) firms are risk averse.
  D) firms do not enjoy all of the benefits from investments in safety.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


brittrenee

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Regular staff meetings increase the efficiency of the medical office staff. Regular staff meetings increase the efficiency of the medical office staff.
Adult, Child, and Infant CPR Standards Adult, Child, and Infant CPR Standards
Teaching women about the safety of drug use during pregnancy is an essential component of nursing ... Teaching women about the safety of drug use during pregnancy is an essential component of nursing ...
Clients have certain rights like the rights to privacy, self-determination, and safety. Clients have certain rights like the rights to privacy, self-determination, and safety.
Efficiency vs. Equity Efficiency vs. Equity
Excessive video gaming decrease social and physical development in a child Excessive video gaming decrease social and physical development in a child
Video: Male Reproductive System - Testosterone

For a complete list of videos, visit our video library