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.
B
Economics
You might also like to view...
Which of the following was seen by labor as an antilabor piece of legislation?
a. Taft-Hartley Act of 1947 b. Civil Rights Act of 1964 c. Norris-LaGuardia Act of 1932 d. Wagner Act of 1935 e. Clayton Act of 1914
Economics
The four components that make up GDP in the expenditure approach are:
A. C, I, G, and NX. B. C, Im, G, and EX. C. K, I, G, and NX. D. C, I, G, and EX.
Economics