The theory that holds that the relative values of goods and services are ultimately determined by the quantities of labor required in their production is the:
A) capitalism theory.
B) labor theory of value.
C) marginal productivity theory.
D) theory of surplus value.
Correct Answer:
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Q2: The labor theory of value holds that
Q3: Adam Smith argued in the Wealth of
Q4: According to Karl Marx:
A) the surplus value
Q5: Karl Marx predicted the overthrow of the
Q6: According to Karl Marx, the payment just
Q7: Which of the following statements is true?
A)
Q8: According to Karl Marx:
A) the surplus value
Q9: According to Marx, surplus value is produced
Q10: Marx called the difference between the price
Q11: The essence of Karl Marx's theory of
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