In Principles of Political Economy,John Stuart Mill

question 6

Multiple Choice

In Principles of Political Economy,John Stuart Mill

• A)called for the uprising of workers to achieve better working conditions.
• B)agreed with Adam Smith that the "invisible hand of the market" should be setting wages for workers.
• C)agreed with Adam Smith that workers should not be overpaid but instead of market forces he claimed that God was in charge.
• D)disagreed with Adam Smith and called for the government to help the workers.
• E)asserted that the government should set prices and wages.

---

Definitions:

Projected Profit-and-Loss Statement

A financial document estimating a company's revenue, costs, and net profit over a future period.

Financial Knowledge

Understanding of financial concepts, practices, and instruments, often linked to personal financial planning and investment decisions.

Professional Knowledge

Specialized knowledge that pertains to a specific field or profession, usually acquired through education, training, and experience within that field.

Executive Summary

A concise overview of a document, report, or plan, highlighting the main points, conclusions, and recommendations, designed for quick reading.