Which argument against enacting workplace safety regulations can be justified using economic tools or observation?

Question

Quizplus · Accepted Answer

This argument is based on the concept of marginal analysis, where firms will only invest in safety equipment if the marginal benefit of providing it exceeds the marginal cost. This is a valid economic argument because it assumes that firms will act in their own self-interest and only make investments that are profitable.

Answer: C
 This argument is also based on the concept of marginal analysis, where the marginal cost of implementing safety regulations may exceed the marginal benefit. This argument suggests that the cost of ensuring workplace safety may be too high and may not fully justify the potential benefits of such regulations. While this argument may be valid in some cases, it ignores externalities and other non-market factors that could impact the overall welfare of society.

Which Argument Against Enacting Workplace Safety Regulations Can Be Justified