The Edict on Maximum Prices, Established by the Roman Emperor

question 283

Multiple Choice

The Edict on Maximum Prices, established by the Roman Emperor Diocletian, created price ceilings on various jobs and goods in a failed effort to curb inflation. For example, legal pay for a farm laborer could be no more than 10.8¢ a day (payment set in modern currency) . If the market rate of farm labor was 12¢ a day, which would be a plausible consequence of this law?

• A) farms would produce more food than they otherwise would
• B) nothing unusual
• C) a laborer would work less hard than he otherwise would
• D) an increase in unemployment for farm hands

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An individual's sense of who they are, based on their group membership(s).

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Residents or natives of Virginia, a state in the Southeastern and Mid-Atlantic regions of the United States.

Categorical Imperative

The Categorical Imperative is a foundational concept in moral philosophy introduced by Immanuel Kant, which suggests that one should act only according to that maxim through which you can at the same time will that it becomes a universal law.

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