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Occupational Health and Safety, Canadian Edition

15th Edition
by David L. Goetsch, University of West Florida and Oskaloosa-Walton Eugene Ozon, Algonquin College
1035 Solutions 49 Chapters 1472 Studied ISBN: 0133450244 Computer Science 5 (1)

Chapters 5: DQ 1

DISCUSSION QUESTIONS

1. Why might citizens interested in maximizing economic efficiency be happy to invest their government with the right to coerce them in at least some situations?


Step-By-Step Solution

DISCUSSION QUESTIONS

1. Why might citizens interested in maximizing economic efficiency be happy to invest their government with the right to coerce them in at least some situations?

Answer: The government’s ability to coerce allows it to correct for market failures and to enforce laws that reduce risks for those engaging in economics transactions. With respect to market failures, the government can use its power to tax, to collect the money necessary to pay for public goods and to subsidize the production of products that offer positive externalities. With respect to reducing risk, the government can use its power to coerce, to both threaten and then punish those engaging in fraud, extortion, and other unethical business practices as well as to enforce environmental, health, and safety regulations.


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Brownie jelly-o pastry topping
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Tootsie roll cake chocolate
Gingerbread cookie pastry halvah macaroon icing sugar plum. Tootsie roll cake chocolate. Gingerbread sugar plum chupa chups powder jelly-o oat cake cake chocolate bar. Cookie brownie chocolate. Brownie pastry bonbon lollipop sweet. Icing carrot cake sweet roll biscuit. Ice cream dragée powder.