Multiple Choice

A 19th-century factory owner argues against a law to ban child labor, stating: 'This law will harm all workers. By preventing children from working, we reduce the total output of our factories, which will lead to lower profits and thus our inability to pay anyone a fair wage.' Which of the following statements best identifies the primary economic flaw in the factory owner's argument concerning the wages of adult workers?

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Updated 2025-09-25

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