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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