How did Franklin Roosevelt’s establishment of the minimum wage fit with Adam Smith’s economic philosophy?

a. It satisfied Smith’s argument for a livable wage for every full-time worker.
b. It violated Smith’s argument for government nonintervention in the economy.
c. It violated Smith’s argument that businesses should obey the law and seek profits
and nothing else.
d. It satisfied Smith’s argument that governments should seek to regulate businesses to force ethical behavior in all ways possible.


a. It satisfied Smith’s argument for a livable wage for every full-time worker.

Business

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A 30-minute or longer advertising program on television that markets a single product is called a(n) ________

A) phishing program B) infomercial C) podcast D) catalog E) spambot

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The statement of retained earnings discloses the dividends distributed during the period

Indicate whether the statement is true or false

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During inflationary periods, the use of the FIFO method of costing inventory will yield an inventory amount for the balance sheet approximating the current replacement cost

Indicate whether the statement is true or false

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If your cash outflows are $600 and your cash inflows are $1,000, you can increase your net worth by

A) $1,000. B) $600. C) $1,600. D) $400.

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