Karl Marx argued that when labourers exchanged their labour for a wage, to make a profit the capitalist must gain more from the exchange. This profit is technically referred to as _____________.
a. Exploitation
b. Surplus Value
c. Exchange Profit
d. Robbery
b. Surplus Value
You might also like to view...
Why is virtual brainstorming more effective than traditional brainstorming by groups?
What will be an ideal response?
In most contracts, promises of performance are not expressly conditioned.
Answer the following statement true (T) or false (F)
A plea bargain allows:
a. a matter to be settled under the supervision of a judge without a trial b. a matter to be settled by a jury without a trial c. a matter to be settled with a short trial d. a matter to be settled by the attorneys without the supervision of a judge e. none of the other choices are correct
On July 1 of the current year, Marcia purchases a new home and borrows $320,000. Marcia is required to pay two points on the loan. The loan is secured by the residence and the charging of points is an established business practice in the area. The term of the loan is 20 years, beginning on July 1 of the current year. How much, if any, of the points may Marcia deduct in the current year?
A. $3,200 B. $6,400 C. $0 D. $160