The cost of capital, according to Marx, was:
A) determined by the amount of labor involved in the production of the capital.
B) determined in the competitive market.
C) set according to the desires of the capitalists.
D) the sum of all factor costs involved in the production of the capital.
Correct Answer:
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Q26: Marx predicted that:
A) profit rates would rise.
B)
Q27: Marx predicted that:
A) profit rates would rise.
B)
Q28: Marx felt that profit:
A) was morally justified.
B)
Q29: Karl Marx would most likely agree with
Q30: The price of a good, according to
Q32: According to Marx, surplus value is the
Q33: According to the text, Marx's conclusions stemmed
Q34: Marx predicted that:
A) profit rates would fall.
B)
Q35: According to Marx, if the wage increased
Q36: According to Karl Marx, if workers produce
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