This topic contains a solution. Click here to go to the answer

Author Question: David Ricardo's iron law of wages stated that A) wages would rise as competition eliminated ... (Read 69 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495

Question 1

The foremost social group embracing liberalism was made up by
 
  A) factory workers.
  B) the industrial middle class.
  C) radical aristocrats.
  D) army officers.
  E) the landed gentry.

Question 2

David Ricardo's iron law of wages stated that
 
  A) wages would rise as competition eliminated inefficient producers.
  B) wages would decline as productivity drove prices down.
  C) wages would fall when the population of workers increased.
  D) wages would rise as workers organized into unions.
  E) wages were irrelevant; only commodities like pig iron mattered.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

komodo7

  • Sr. Member
  • ****
  • Posts: 322


rachel9

  • Member
  • Posts: 495
Reply 2 on: Sep 13, 2019
Thanks for the timely response, appreciate it


dyrone

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

For a complete list of videos, visit our video library