In the context of workers' compensation,the replacement rate is defined as:
A) the ratio of a worker's post-injury wage rate to his pre-injury wage rate.
B) the ratio of benefits payments to the workers' pre-injury earnings.
C) the rate at which firms are able to hire new workers to replace those that unexpectedly quit.
D) the rate at which disabled workers are able to find new jobs.
E) the speed with which firms are able to replace workers who quit.
Correct Answer:
Verified
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