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Question: 7 is it possible for a specific job condition to...

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7. Is it possible for a specific job condition to generate a positive compensating wage differential (CWD) in one time period and to generate a negative CWD in a different time period? Why or why not? 8. In the cost-benefit analysis of a proposed safety standard, an estimated compensating wage differential can be used in estimating the benefit. Explain why this approach may understate the true benefits of the standard to the society
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