Solved

Worker X Is Paid $20,000 More in a Dangerous Job

Question 32

Multiple Choice

Worker X is paid $20,000 more in a dangerous job than what Worker X could make in safe jobs.Worker X values the job characteristic of safety at $15,000.If the government makes Worker X's job safe and if safe jobs continue to pay their current wage,then,assuming markets are competitive and wages can easily adjust


A) Worker X will be $20,000 worse off.
B) Worker X will be $15,000 better off.
C) Worker X will be $5000 worse off.
D) Worker X will be $20,000 better off.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions