Karl Marx believed in all of the following, except

A. controlling political power was more important than controlling the ownership of capital with respect to dominating a society.
B. in capitalist societies, a business owner makes huge profits by exploiting his workers.
C. one's social consciousness was determined by one's relationship to the means of production.
D. inevitably there would be a clash between capitalists and workers.


A. controlling political power was more important than controlling the ownership of capital with respect to dominating a society.

Economics

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The present value of $500,000 in 4 years at 7 percent interest is approximately:

A. $655,398. B. $344,682. C. $381,448. D. None of these statements is true.

Economics

Which of the following statements is true of incentives?

A) Incentives can be financial or moral, but not coercive. B) Incentives can be financial or coercive, but not moral. C) Incentives are designed to change behavior. D) Incentives are always in the form of rewards.

Economics

GDP is equal to the ________ value of all the final goods and services produced within a country in a given period of time

A) production B) market C) wholesale D) retail E) typical

Economics

According to international trade theory

A. every country has a comparative advantage in something. B. comparative advantage is based on absolute advantage. C. less developed countries cannot trade successfully with developed countries. D. trade is based on absolute advantage.

Economics