Public highways the alterna4ve would be toll highways

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Unformatted text preview: ace safety regula6ons. Without such regula4ons, would firms provide a safe environment for their workers? Some students will say “no—look at how bad working condi4ons are in poor countries that have no safety regula4ons.” Another view is that dropping such regula4ons would make workers be_er off. Workers may view the safety of their work environment as part of their wage: the less safe the environment at a specific firm, the higher the wage the firm will have to offer to make workers willing to work there. If workers vary with respect to their tolerance for unsafe condi4ons, then workers with a high risk tolerance would be be_er off if given...
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This homework help was uploaded on 03/11/2014 for the course ECON 1 taught by Professor Nagata during the Spring '08 term at UCLA.

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