In Which of the Following Ways Would Adam Smith Have

question 90

Multiple Choice

In which of the following ways would Adam Smith have most likely thought about the concept of a living wage?

• A) Smith warned managers to only pursue the pursuit of profits within the law, so he would likely have opposed a livable wage.
• B) Smith warned managers not to negotiate wages below subsistence levels, so he would likely have supported some version of a living wage.
• C) Smith supported regulation by the government of worker's welfare, so he would have supported a livable wage.
• D) Smith felt that high bargaining power on the part of workers was damaging to competition, and so he would have opposed a livable wage.

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