Believers in the Doctrine of "Survival of the Fittest" Argued

question 86

Multiple Choice

Believers in the doctrine of "survival of the fittest" argued that

• A) only a few large corporations were fit to survive in the industrial jungle.
• B) society owed a basic standard of living to even its weakest members.
• C) there should be mental and physical competitions to determine fitness to survive and succeed in society.
• D) fitness to survive and thrive could be proven only through physical competition.
• E) the wealthy deserved their riches because they had demonstrated greater abilities than the poor.

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Definitions:

Wage Rate

The standard amount of compensation individuals receive in exchange for performing a certain task or job per unit of time.

Monetary Policy

The process by which a central bank, currency board, or equivalent regulatory committee manages the supply of money and interest rates to achieve macroeconomic objectives such as controlling inflation, consumption, growth, and liquidity.

Rational Expectations

Rational expectations is an economic theory that assumes individuals form forecasts about the future based on all available information, thereby influencing economic outcomes.

Active Policy

Economic strategies and measures actively implemented by governments to influence the economy, such as fiscal and monetary policies.