In the Wealth of Nations, Adam Smith wrote:
Pecuniary wages and profit, indeed, are everywhere in Europe extremely different according to the different employments of labour and stock. But this difference arises partly from certain circumstances in the employments themselves, which, either really, or at least in the imaginations of men, make up for a small pecuniary gain in some, and counterbalance a great one in others; and partly from the policy of Europe, which nowhere leaves things at perfect liberty. (Book 1, Chapter 10)
Which idea was Smith describing?
A) labor market issues
B) market discrimination
C) supply of labor
D) marginal product of labor
Correct Answer:
Verified
Q133: The advent of office computers is thought
Q134: A union can raise wages by:
A) increasing
Q135: The introduction of fun into a job
Q136: During the 1970s, wage premiums for college
Q137: The average wage for women in the
Q139: The introduction of risk into a job
Q140: Which of the following is NOT a
Q141: The fact that women earn about $.80
Q142: Which of the following is an example
Q143: If employers discriminate against redheads:
A) it won't
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents