Question

Identify the inherent problems in the free-market approach to workplace health and safety. (Check all that apply.)

a) Lack of government regulations
b) Potential for exploitation
c) Overregulation
d) High safety standards

Answer 1

The inherent problems in the free-market approach to workplace health and safety include a lack of government regulations, potential for exploitation, and challenges posed by high safety standards.

Therefore, options A , B and D are correct.

Step-by-step explanation:

The inherent problems in the free-market approach to workplace health and safety are:

1. Lack of government regulations: In a free-market system, there may be a lack of enforceable regulations to ensure that workplaces adhere to safety standards. Without adequate regulations, employers may prioritize profits over the well-being of their workers.
2. Potential for exploitation: In a free-market system, there is a potential for employers to exploit workers by neglecting their safety and health in order to cut costs and maximize profits. This can lead to unsafe working conditions and increased risks to workers.
3. High safety standards: While not necessarily an inherent problem, high safety standards can be seen as a challenge in a free-market approach. Some argue that high safety standards can be burdensome for businesses, especially small businesses, and may hinder their competitiveness.