« previous next »

Author Question: Government mandated safety standards within firms A) will always decrease efficiency. B) can ... (Read 74 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?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

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?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Wearing safety equipment is essential at all ages Wearing safety equipment is essential at all ages
Critical thinking model for safety assessment Critical thinking model for safety assessment
Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
Adult, Child, and Infant CPR Standards Cont Adult, Child, and Infant CPR Standards Cont
Economic objectives of firms Economic objectives of firms
The constitutional division of Powers Between the National Government and the States The constitutional division of Powers Between the National Government and the States
Video: Osteoporosis

For a complete list of videos, visit our video library