Surveys of consumers regarding labor standards indicate that
They are willing to pay:
A)a large amount for a large improvement in working conditions.
B)a small amount for a large improvement in working conditions.
C)nothing for a large improvement in working conditions.
D)a small amount for a small decline in working conditions.

Question

Quizplus · Accepted Answer

Studies have shown that consumers are willing to pay a small amount for a large improvement in working conditions, but their willingness to pay decreases as the cost of improvements increases. However, they are unlikely to pay nothing for any improvement in working conditions. Therefore, option B is the most reasonable answer.

Surveys of Consumers Regarding Labor Standards Indicate That