Which of the following statements is true ?
A) The United States today comes closer to the socialist form of economic organization than it does capitalism.
B) When central planners set prices above equilibrium for goods and services they create shortages.
C) According to Karl Marx, under capitalism, workers would be exploited and would revolt against the owners of capital.
D) Adam Smith argued that government's role in society would be to do absolutely nothing.

Question

Quizplus · Accepted Answer

According to Karl Marx, one of the foundational claims in his critique of capitalism is that workers are exploited under this system and that this exploitation would eventually lead to a revolt against the owners of capital, aiming for a classless society.

Which of the Following Statements Is True