Suppose a dangerous workplace is made safer through the installation of guards and other equipment that reduce the physical hazards of the work environment. If we observe no reduction in injuries, we might conclude that
A) the safety equipment isn't adequate and better equipment should be installed.
B) the firm has responded by lowering wages and hiring less capable people who are more likely to be injured.
C) the injury rate before installation of the safety equipment had been underreported.
D) workers responded to the safer environment by not exercising as much care themselves, generating more injuries than if they had not changed their behavior.
D
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If the exchange rate has been $2.00 per British pound but now falls to $1.60 per British pound, there will be
a. more U.S. imports from Great Britain because the price of pounds has fallen. b. more exports to Great Britain because the price of pounds has risen. c. fewer exports to Great Britain because the price of the pound has risen. d. more U.S. exports to Great Britain since the price of the dollar has fallen. e. no change in either exports or imports.
When the Fed purchases securities from a bank, it __________ reserves and ____________ the money supply
A) decreases; decreases B) increases; increases C) decreases; increases D) increases; decreases E) has no impact on; has no impact on