In the Context of the Fundamental Rights of Capitalism, Which

question 120

Multiple Choice

In the context of the fundamental rights of capitalism, which of the following statements is true about capitalism?

• A) It doesn't guarantee that anyone will actually earn profits.
• B) It depends on government regulations to drive higher quality and lower prices.
• C) Businesses are not free to buy, or not buy, according to their wishes.
• D) Businesses are not free to spend after-tax profits however they want.

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Definitions:

Damages

Compensation claimed by or awarded to a party who has suffered loss, detriment, or injury, whether physical, financial, or reputational.

Civil Law

A legal system originating in Europe, codified into comprehensive statutes, rather than case law, to govern private sector disputes.

Restatements

Scholarly works published by the American Law Institute, offering a comprehensive summary of common law and its application in specific areas of law.

Common Law

The body of law developed through decisions of courts and similar tribunals (the judiciary), as opposed to laws made by the legislature (statutory laws) or by executive action (regulations).