In systems where labor is a commodity, its value is determined by:
A) the market
B) supply and demand
C) the government
D) the labor it contains
E) what employers are willing to pay
Correct Answer:
Verified
Q18: When labor is a commodity, its value
Q19: Profit comes from:
A) the value labor produces
Q20: Wages are the same as:
A) the value
Q21: If people produce more than the value
Q22: The value of all commodities is determined
Q24: A system that is organized by markets
Q25: Competition means that:
A) productivity increases
B) wages decrease
C)
Q26: Marginal utility means:
A) the uses you have
Q27: In systems of household production, people might
Q28: All useful things are the product of
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