Chapter 7 Self Quiz

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. In his essay, Reiff makes three main arguments. Which of the following is NOT one of his arguments?

A living wage is a just wage correct incorrect

A living wage is required by our moral duty to alleviate poverty correct incorrect

There are no counter-veiling negative effects of paying a living wage correct incorrect

The value of labor performed should be determined by reference to the labor's cost of production correct incorrect

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. In his essay, Gaski points to a group that overwhelmingly agrees that minimum wage causes unemployment in order to defend his position. What group is it?

Politicians correct incorrect

Economists correct incorrect

Philosophers correct incorrect

Middle-class citizens correct incorrect

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. In his reply, Reiff takes issue with Gaski's agreement with an idea in economics. What is it?

The principle of exchange correct incorrect

Wages fund theory correct incorrect

Market failure theory correct incorrect

Trickle-down economics correct incorrect

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. In his reply, Gaski affirms: "The actual level of economic distress in America is much higher than advertised."

True correct incorrect

False
correct incorrect

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. Both Reiff and Gaski are proponents of what?

The free market correct incorrect

A living wage correct incorrect

The principle of exchange correct incorrect

Contractarianism
correct incorrect