The Rhode Island System
a. employed whole families to work in textile mills.
b. employed young women in their late teens and early twenties.
c. banned the use of child workers in factories.
d. relied on a workforce mainly consisting of former slaves.
employed whole families to work in textile mills.
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John Rawls' argument for maximizing the well-being of those who are least well off in society recognizes _____
a. that everyone is the same b. that the disincentives toward earning income inherent in redistribution c. that social welfare is maximized when income is equalized d. a and c
Which of the following is LEAST likely to be a reason for the decline in U.S. union membership?
A) declines in manufacturing employment B) increases in the work force of the public sector C) deregulation of transportation industries D) increasingly more immigrant workers to fill unskilled job positions
Chickens are not endangered because
A) there are clear property rights to them. B) government regulates chicken processors. C) there are positive externalities. D) they are free and not owned by anyone.
The major economic problem with recent farm policies is that they provide price and income subsidies that:
A. Are insufficient to keep farmers producing B. Increase the demand for farm products C. Slow the exodus of resources from agriculture D. Limit production to the most profitable products