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.

anonymous · Answer

It is C, since:
A- Adam smith is a capitalist
B- He believed we would be in poverty
D- Marxists dont believe that

anonymous · Answer

Thanks so much!!

anonymous · Answer

No problem :)

tester97 · Answer

Great job guys! Thanks for explaining your answer @ManImStumped :)