Adam Smith and Karl Marx had differing economic philosophies but they shared a similar view of what issue that relates to employment?

Question 14 options:

	That an equilibrium wage rate will always prevail.
	That employees are individuals who are empowered by their condition to achieve unlimited financial growth.
	That collective bargaining is a superior means of achieving a universal minimum wage.
	That employers can almost always dictate the terms of employment contracts unilaterally.

What did Henry Sumner Maine call the evolution of employment toward contractualization?

Question 13 options:

	The principle of Freedom of Contract
	The Displacement of Master and Servant Law
	The movement from Status to Contract
	The Freedom of Contract

In class, we discussed two conditions that distinguish an independent contractor from an employee (recall our house painting example). What are these?

Question 15 options:

	Risk of profit, chance of loss
	Chance, risk, profit, loss
	Chance of profit, risk of loss
	Freedom and regulated wages
	Rigidity over autonomy

The implied duty of obedience was crucial to the law of Master and servant.

Question 16 options:

	True
	False

Implied contractual duties are now obsolete, as the combination of higher reading skills and the prevalence of electronic and paper typing tools make the production and use of contracts more frequent than in the past.

Question 17 options:

	True
	False