Which of the following statements is false ? In a model of pure capitalism, a pe
ID: 1134063 • Letter: W
Question
Which of the following statements is false?
In a model of pure capitalism, a person's income will (in equilibrium) be equal to his productive contribution to society.
B. In a model of pure capitalism an entrepreneur will only hire a worker if the worker can produce more wealth for the entrepreneur than the entrepreneur is be required to pay him.
In a model of pure capitalism, the government will step in to redistribute the wealth if it gets too imbalanced.
D. In a model of pure capitalism, the firm has the political freedom to produce anything it wants, but must conform to the demands of a ruthless and merciless dictator (the consumer) or face a swift and certain death.
A.In a model of pure capitalism, a person's income will (in equilibrium) be equal to his productive contribution to society.
B. In a model of pure capitalism an entrepreneur will only hire a worker if the worker can produce more wealth for the entrepreneur than the entrepreneur is be required to pay him.
C.In a model of pure capitalism, the government will step in to redistribute the wealth if it gets too imbalanced.
D. In a model of pure capitalism, the firm has the political freedom to produce anything it wants, but must conform to the demands of a ruthless and merciless dictator (the consumer) or face a swift and certain death.
Explanation / Answer
Option C
The statement supports the idea of Socialism where in the government looks after the distribution of wealth and resources to its people.
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