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What Did David Ricardo Argue in His Iron Law of Wages

Question 54

Multiple Choice

What did David Ricardo argue in his iron law of wages theory?


A) That the pressure of population growth prevents wages from rising above subsistence levels
B) That England's industrial production could not be sustained unless wages were increased
C) That unions were needed to protect the income of industrial workers
D) That dramatic improvements needed to be made in the lives of the working-class poor

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