Risk-averse workers
A) have shallow wage-risk indifference curves when risk is graphed on the x-axis.
B) are willing to work in riskier environments for a relatively low increase in the wage.
C) are willing to accept large wage decreases in exchange for a safer work environment.
D) never work in risky environments.
E) are more productive than risk-loving workers.

Question

Quizplus · Accepted Answer

Risk-averse workers are willing to accept large wage decreases in exchange for a safer work environment.

Risk-Averse Workers