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An improvement in managerial efficiency in a Fortune 500 corporation increases the marginal revenue product of all people working for the corporation.Assuming that the wage of workers who are hired in a competitive labor market remains constant,the company will
James Polk
The 11th President of the United States (1845-1849), known for his expansionist policy, notably the annexation of Texas and the Mexican-American War.
Slaveholder
An individual or party that owns or held ownership rights in enslaved people.
Wilmot Proviso
An unsuccessful 1846 proposal in the United States Congress that aimed to ban slavery in territory acquired from Mexico in the Mexican War.
Appeal of the Independent Democrats
A document issued in 1854 criticizing the Kansas-Nebraska Act and advocating for anti-slavery policies.
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