Final answer:
True, health and safety regulations encompass fire safety, infectious disease control, and immunization records, all critical for protecting public health and administered by agencies like OSHA and the FDA based on economic principles of positive externalities and public goods.
Step-by-step explanation:
True: Health and safety regulations indeed cover areas such as fire safety, infectious disease control, and immunization records. Regulations are enacted and enforced by various government agencies, including the Occupational Safety and Health Administration (OSHA), which issues regulations to limit hazardous chemical exposure, ensure knowledge of hazards, mandate personal protective equipment use, and prevent dangers from operating hazardous equipment. Similarly, agencies like the Food and Drug Administration (FDA) enforce hygiene standards in food handling and production to prevent foodborne diseases.
Public health advancements, including immunization requirements, are linked to positive externalities and the concept of public goods. Immunizations are mandated to prevent spillovers of illness, benefiting not only the individual but society as a whole. This reflects the economic principle that immunizations help to protect the broader community by preventing the spread of infectious diseases.