According to Marxian theory, if the production of commodity X requires 20 percent more labor time than the production of commodity Y, then the value of commodity X will be:
A) about equal to the value of commodity Y.
B) exactly 20 percent more than the value of commodity Y.
C) exactly 20 percent less than the value of commodity Y.
D) over 20 percent more than the value of commodity Y.
Correct Answer:
Verified
Q10: Marx called the difference between the price
Q11: The essence of Karl Marx's theory of
Q12: In the late 1800s and early 1900s,
Q13: According to Marx, the value of a
Q14: The history of socialism dates back to:
A)
Q16: The Communist Manifesto was written by:
A) Karl
Q17: Socialism, as an organizing principle for national
Q18: Das Kapital was written by:
A) Thomas Malthus.
B)
Q19: Socialism, as an organizing principle for a
Q20: Karl Marx's argument that the value of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents