Adam Smith argued in the Wealth of Nations that the relative values of different goods was determined by:
A) demand and supply.
B) the invisible hand.
C) the relative amounts of labor used in their production.
D) the relative amounts of profit.
Correct Answer:
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Q1: The theory that holds that the relative
Q2: The labor theory of value holds that
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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