The nature of employer liability changed in the 19th century through judicial instrumentalism and had what effect?

(a) Reducing the risks and the costs of business, making business enterprise more daring and profitable than it would have been otherwise.
(b) Increasing the risks and the costs of business, making business enterprise more daring and profitable than it would otherwise have been.
(c) Continuing the older doctrine that employers could be found guilty of contributory negligence, thus increasing the employer's liability for worker injury.
(d) None of the above were effects of the changes to the nature of employer liability.

(a)

Economics

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If the marginal cost of a perfectly competitive firm producing a good is $50 and the market price of the good is $100, the firm should:

A) decrease its output. B) increase its output. C) try to increase the market price. D) try to decrease the market price.

Economics

According to the matrix shown, how much will be produced if both firms collude?

This prisoner's dilemma game shows the payoffs associated with two firms, A and B, in an oligopoly and their choices to either collude with one another or not.

A. 50 million units
B. 65 million units
C. 70 million units
D. 85 million units

Economics