Identify the correct statement about government standards in the government-regulated ethics approach to health and safety.
A)Due to its focus on prevention rather than compensation, standards cannot address the "first generation" problem of the market controlled approach to health and safety.
B)Standards would favor individual bargaining between employers and employees as the approach to workplace health and safety.
C)Standards can overcome market failures that result from insufficient information.
D)Standards call for the determination of comparison of probabilities of harm involved in various activities.

Question

Quizplus · Accepted Answer

Mandatory government standards address most of the problems raised against market strategies. Standards can be set according to the best available scientific knowledge and thus overcome market failures that result from insufficient information.

Identify the Correct Statement About Government Standards in the Government-Regulated