Which of the following is a true statement?

Socialists like Adam Smith believed the competition typical of capitalism was wasteful.

Capitalists like Thomas Malthus believed poverty could be entirely eliminated from society.

Socialists like Robert Owen favored a more even distribution of income.

Marxists like David Ricardo argued that wages vary inversely with profits.

Question

Which of the following is a true statement?

Socialists like Adam Smith believed the competition typical of capitalism was wasteful.

Capitalists like Thomas Malthus believed poverty could be entirely eliminated from society.

Socialists like Robert Owen favored a more even distribution of income.

Marxists like David Ricardo argued that wages vary inversely with profits.