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How Did Franklin Roosevelt's Establishment of the Minimum Wage Fit

Question 57

Multiple Choice

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.

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