(20 marks) True, False and Uncertain. Answer True, False or Uncertain and briefly explain your answers. Note that your marks depend mainly on your explanations. a. Recently there was an industrial accident that no one wanted to happen. Given these unexpected, no-fault accidents do happen and the involved worker will be unable to work and earn a living not controlled by the worker, the government proposed a guaranteed income, G. All the workers whose income before the accident were greater than the guaranteed income is worst off and will enter the labor market as soon as they can. b. In China there are many illegal mining companies which employ miners to work under extremely hazardous conditions. Accidents like explosions always happen in these illegal mines, killing a lot of workers. If the government could successfully regulate these companies and set up new safety standards, then all workers will be better off. C. Workers in countries with high personal income tax rates often prefer high wages and low fringe benefits while workers in countries with low personal income tax rates often prefer low wages and high fringe benefits. d. Defined Benefit Pension Plan is preferred to Defined Contribution Pension Plan by the firm because they know how much they need to pay the retired workers even in the event of an economic downturn