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Enigma, Ohio, Has Two Kinds of Workers, Klutzes Whose Labor

question 14

Multiple Choice

Enigma, Ohio, has two kinds of workers, klutzes whose labor is worth $1,000 a month and kandos whose labor is worth $2,500 a month.Enigma has exactly twice as many klutzes as kandos.Klutzes look just like kandos and are accomplished liars, so if you ask, they claim to be kandos.It is too expensive to monitor anybody's work.A professor who likes to talk offers to give free lectures on personal hygiene and macroeconomics.Klutzes and kandos find these lectures excruciatingly dull.An hour's lecture is as bad as losing $50 for a kando and as bad as losing $100 for a klutz.If all other firms pay wages equal to the productivity of an average citizen of Enigma, which of these strategies would be most profitable for a new firm?

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Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing fundamental civil rights and liberties to American citizens.

Trial by Jury

A legal process in which a group of people (the jury) is selected to review evidence and make a decision in a court case, ensuring a fair trial.

David Ramsay

A notable figure, possibly historically significant, which could refer to a person named David Ramsay in various contexts such as politics, medicine, or history.

The History of the American Revolution

The period from 1765 to 1783 when the Thirteen American Colonies fought for and gained independence from British rule, leading to the founding of the United States of America.