Question 4 Choose the answers that fit. Carnegie would argue that wealth concent

Question

Question 4

Choose the answers that fit.

Carnegie would argue that wealth concentrated in the hands of the most wealthy (the business owners, etc.) is:

Bad for society because the "working class" will suffer.

Good because they deserve it for getting rich!

Good because wealthy business owners and manufacturers will re-invest in the economy by creating more businesses and in turn more jobs. Only the talented "rich" deserve to allocate resources. Plus, the wealthy will give surplus money to charity as needed.

Bad because only government can be trusted to run the economy.

Bad for society because the "working class" will suffer.

Good because they deserve it for getting rich!

Good because wealthy business owners and manufacturers will re-invest in the economy by creating more businesses and in turn more jobs. Only the talented "rich" deserve to allocate resources. Plus, the wealthy will give surplus money to charity as needed.

Bad because only government can be trusted to run the economy.

Explanation / Answer

Ans is A

Carnegie would argue that wealh concentration is bad for society because the working class will suffer because they exploit(capitalit) the working class.

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