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Consider the relation between labor and capital. Suppose there is new legislation that limits working hours and imposes a minimum wage. Research concludes that, compared
Consider the relation between labor and capital. Suppose there is new legislation that limits working hours and imposes a minimum wage. Research concludes that, compared to the economy before the legislation, the economy after the legislation shows a decrease in productivity.
Can we conclude that the legislation that limits working hours and imposes a minimum wage decreases the productivity of the economy?
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