which of the following situations represents capitalism? select all that apply. a a software developer…

which of the following situations represents capitalism? select all that apply. a a software developer offers high pay for an open job position to attract talented people to apply. b a grocery store is required by law to pay employees at least $7.25 per hour. c a bakery quickly sells out of muffins every day, so it raises the muffins price.

which of the following situations represents capitalism? select all that apply. a a software developer offers high pay for an open job position to attract talented people to apply. b a grocery store is required by law to pay employees at least $7.25 per hour. c a bakery quickly sells out of muffins every day, so it raises the muffins price.

Answer

Brief Explanations:

Capitalism is an economic system characterized by private - ownership, free - market competition, and the profit motive. Option A shows a company using market mechanisms (high pay) to attract labor, which is in line with capitalist principles. Option C shows a business responding to market demand (selling out) by adjusting prices to increase profit, a key aspect of capitalism. Option B is a government - mandated minimum wage, which is more related to labor laws and not a pure capitalist operation. Option D seems to be an incomplete option, but based on the visible part, it doesn't clearly represent capitalist principles as strongly as A and C.

Answer:

A. A software developer offers high pay for an open job position to attract talented people to apply. C. A bakery quickly sells out of muffins every day, so it raises the muffins price.