Spencer Argued That the Poor

question 145

Multiple Choice

Spencer argued that the poor

• A) deserve public assistance.
• B) are blameless for their condition.
• C) can escape poverty if given the economic opportunity.
• D) should not be helped by charity.

---

Definitions:

Market Share

The portion of a market controlled by a particular company or product.

Profitability

A measure of the efficiency of a company in generating profits from its revenue.

Unit Costs

Unit costs refer to the cost incurred by a company to produce, store, and sell one unit of a particular product or service.

Learning Curve Effects

The observed reduction in production costs and increase in efficiency as a company gains experience in manufacturing a product or providing a service.