As the mayor of a local town, I have the power to repeal workplace safety laws. How would repealing all workplace safety laws affect the wages of construction workers building the local school?
A) It would reduce wages because of less severe negative compensating differentials.
B) It would increase wages because of less severe negative compensating differentials.
C) It would reduce wages because of more severe negative compensating differentials.
D) It would increase wages because of more severe negative compensating differentials.
E) It would have no affect on wages.
Correct Answer:
Verified
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