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lmalma lmalma
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4 years ago

Question 1.

If national laws protecting the health and safety of workers completely eliminate any and all risk, then



▸

workers in risky occupations become better off.



▸

compensating differentials would grow because workers could not be compensated by being given lower risk jobs.



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more people would be employed.



▸

compensating wage differentials disappear and workers in risky occupations may be no better off.



Question 2.

One reason why the average salary of Major League Baseball players is higher than the average salary of college professors is



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college professors accept lower salaries in exchange for better working conditions.



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the careers of most baseball players are much shorter than the careers of most college professors.



▸

the marginal revenue product of baseball players is greater than the marginal revenue product of college professors.



▸

competition among baseball club owners forces player salaries to be much higher than the players' marginal revenue products.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
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DWFG2796DWFG2796
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4 years ago
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lmalma Author
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4 years ago
Brilliant
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