Question

Which of the following is a true statement? (5 points)

Answer 1

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

Answer 2

A isn't correct because adam smith was a capitalist, B isn't correct because malthus basically wanted an utopian society but the population grew too much, D doesn't make sense, C is correct.

Answer 3

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Answer 4

dont you think this is the wrong group..???