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In writing of "the gospel of wealth," Andrew Carnegie: a. reminded Americans that the money they accumulated must not be obtained by immoral means. b. justified his wealth by quoting the New Testament: "to him that hath, more shall be given." c. argued that it was the responsibility of the rich to put their money to good use, providing the worthy poor with educational and cultural institutions. d. claimed that the accumulation of wealth by capitalists was a small price to pay for the economic expansion from which all Americans benefited.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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