The Marxist critique of capitalism was based on the notion that:
A. efficient allocation of resources was not a worthwhile goal.
B. the capitalist class exploited the proletariat class, which created all the value inherent in goods.
C. a capitalist system ignored traditional class roles.
D. the proletariat class exploited the capitalist class, which created all the value inherent in goods.
Answer: B
You might also like to view...
Consider a demand curve for peaches. Which of the following movements will be observed if the price of peaches decline at a point in time?
a. The demand curve will rotate inward at the given price level. b. The will be a movement up along the demand curve. c. The demand curve will rotate outward at the given price level. d. There will be a downward movement along the demand curve. e. The demand curve will become steeper.
When the domestic currency depreciates, domestic goods become more expensive to foreign buyers
a. True b. False Indicate whether the statement is true or false
Why is deflation such a problem for consumption and investment?
A. It increases the rate of both. B. It slows both. C. It slows investment while simultaneously increases consumption. D. It causes firms and households to spend more.
Suppose the short-run price elasticity of demand for airline travel is 0.50, while its long- run elasticity is 2.50 . This means that for 100 short-notice travelers compared to 100 travelers who book well in advance, a significant increase in airline fares now will cause airlines to
a. collect less revenue from the short-notice travelers than from the travelers who book well in advance b. gain travelers who book well in advance but lose short-notice travelers c. lose more revenue from short-notice travelers than from travelers who book well in advance d. collect less revenue from the travelers who book well in advance than from the short-notice travelers e. lose more short-notice travelers than travelers who book well in advance