In a Capitalist Economic System, "Justice" Amounts to

question 62

Multiple Choice

In a capitalist economic system, "justice" amounts to

• A) doing what is best for society's poorest members.
• B) everyone being more or less equal in terms of income.
• C) marketplace freedom-buying, selling, or investing according to self-interest.
• D) meeting people's basic needs for housing, food, and schooling.

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Definitions:

Physical Capital

The stock of equipment and structures that are used to produce goods and services.

Capital Per Worker

The amount of capital (tools, machinery, and equipment) available per employee, affecting the productivity and efficiency of labor.

Output Per Worker

A measure of labor productivity calculated by dividing total output by the number of workers.

GNP

Gross National Product, which is the total value of all goods and services produced by the residents of a country within a specific time period.