If workers in nuclear power plants underestimate the true risk of their jobs
A) employers will pay compensating differential to compensate employees fully for the risk they have assumed.
B) safety legislation will not make workers better off.
C) the supply of workers in this occupation will exceed demand.
D) the wages of these workers will not be high enough to compensate them fully for the risk they have assumed.
D
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The property rights of commissioners appointed to the Food and Drug Administration encourage them to
A) call for additional testing of a new drug even when a delay in approval is liable to cost more lives than additional testing is likely to save. B) make decisions in the interest of drug manufacturers. C) make decisions in the interest of physicians and patients. D) rush new drugs onto the market before they have been adequately tested. E) work shorter hours and take longer vacations than employees in the food and drug industries.
The real interest rate equals the nominal interest rate ________ the inflation rate
A) times B) minus C) divided by D) plus