Liberalism is the political philosophy espoused by
a. Robert Nozick.
b. John Stuart Mill.
c. John Rawls.
d. Jeremy Bentham.
c
Economics
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Explain what would happen if the equilibrium wage in the labor market was below the legislated minimum wage
What will be an ideal response?
Economics
The marginal productivity principle says that a profit-maximizing firm should
a. hire capital until its marginal product is zero. b. hire labor until another worker costs more to hire than she can earn for the firm. c. hire the quantities of capital and of labor at which their marginal products are equal. d. hire capital until its marginal product is negative.
Economics