Fast food places do not pay their workers less than minimum wage because it is against the law. Which of Kohlberg's stages does this describe?

a. stage 1
b. stage 2
c. stage 3
d. stage 4

Ans: d. stage 4

Economics

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If the price of oil is $60 per barrel, the quantity of oil supplied is 70 million barrels per day. If the price is $40 per barrel, the quantity of oil supplied is 69 million barrels per day. This implies that the

A) supply of oil is elastic. B) supply of oil is inelastic. C) demand for oil is inelastic. D) demand for oil is elastic.

Economics

The Interstate Commerce Commission (ICC)

(a) was the first permanent independent federal regulatory agency. (b) was established because, given the interstate nature of railroads, the regulation the public demanded from the states simply passed to the federal government. (c) initially lacked the power to set railroad rates, but its founding marked the beginning of a kind of federal government power capable of almost infinite expansion. (d) is best described by all of the above.

Economics