The more risk-averse the worker, a. the shallower the wage-risk indifference curves when risk is graphed on the x-axis. b. the more productive they are relative to risk-loving workers. c. the more willing they are to work in riskier environments for a relatively low small in the wage. d. the greater the wage decrease the worker would be willing to accept in exchange for a safer work environment. e. the less willing they are to work in risky environments regardless of the wage
The more risk-averse the worker, a. the shallower the wage-risk indifference curves when risk is graphed on the x-axis. b. the more productive they are relative to risk-loving workers. c. the more willing they are to work in riskier environments for a relatively low small in the wage. d. the greater the wage decrease the worker would be willing to accept in exchange for a safer work environment. e. the less willing they are to work in risky environments regardless of the wage
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The more risk-averse the worker,
a. the shallower the wage-risk indifference curves when risk is graphed on the x-axis.
b. the more productive they are relative to risk-loving workers.
c. the more willing they are to work in riskier environments for a relatively low small in the wage.
d. the greater the wage decrease the worker would be willing to accept in exchange for a safer work environment.
e. the less willing they are to work in risky environments regardless of the wage
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