Which of the Following Is an Accurate Statement

question 26

Multiple Choice

Which of the following is an accurate statement?

• A)Adam Smith defends capitalism by appealing to the idea of a natural,moral right to property.
• B)Adam Smith denies that human beings are,by nature,acquisitive creatures.
• C)A common defense of capitalism is the argument that people have a fundamental moral right to property and that our capitalist system is simply the outcome of this natural right.
• D)Utilitarians oppose capitalism in principle.

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Definitions:

Net Income

The profit of a company after all expenses and taxes have been deducted from total revenue.

Sales

The total amount earned from selling goods or services over a particular period, usually before any expenses are deducted.

Unit Selling Price

The price at which a single unit of a product is sold to customers, not including any additional fees or taxes.

Variable Costs

Expenditures that fluctuate in alignment with production levels or sales figures.