1935 Man Gives Advice an Wagner Act

The video discusses the interplay between labor, government protection, and economic wisdom in product pricing. It highlights challenges in the industry, such as finding buyers for high-priced products, and examines the roles of manufacturers and employees. Finally, it focuses on customer purchasing behavior.

What is one potential effect of government protection on labor?

• Lower product quality

• Increased unemployment

• Decreased productivity

• Higher wages

What challenge might industries face when product prices are too high?

• Lower employee satisfaction

• Increased competition

• Difficulty in finding buyers

• Higher production costs

Who is responsible for employing labor in the industry?

• The government

• The customer

• The manufacturer

• The supplier

What role do customers play in the industry?

• They set product prices

• They regulate industries

• They manage labor

• They purchase goods

Which of the following is NOT a role of the manufacturer?

• Producing goods

• Employing labor

• Purchasing goods

• Setting prices