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Under which model of regulation does the Workers' Compensation system operate?

Voluntary compliance model

Economic regulation model

The Workers' Compensation system operates under the Economic Regulation model because it is a government-mandated program that sets specific rules and guidelines for employers to follow in order to protect workers and ensure fair compensation for workplace injuries. The other options are incorrect because they do not align with the way the Workers' Compensation system operates.

The Voluntary Compliance model relies on voluntary participation and adherence to regulations by businesses, while the Self-Regulation model puts the responsibility on companies to monitor and regulate their own actions. The Public Interest model focuses on protecting the rights of the public as a whole, rather than specific individuals. None of these models accurately describe the structure of the Workers' Compensation system, making them incorrect choices.

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Self-regulation model

Public interest model

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