Answer the following statement(s) true (T) or false (F)
1. Karl Marx thought exchange-value is a quantitative property that relates to the numerical amount a commodity can be traded for another.
2. Karl Marx thought use-value is a qualitative property that relates to the physical attributes of a commodity.
3. Marx’s concept of capital refers to money that is invested to make more money through the circulation of commodities.
4. Because the concept was so central to his theory, Marx developed an extremely specific and refined definition of social class.
5. A class-in-itself is comprised of people who share a similar economic position, but those people are largely unaware they are exploited through that shared economic position.
1. True
2. True
3. True
4. False
5. True
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