That profits are a consequence of the exploitation of labor and the appropriation of labor's surplus value is a theory closely associated with
A) Karl Marx.
B) Henry George.
C) Frank Knight.
D) Thomas Malthus.
E) Joseph Schumpeter.
Correct Answer:
Verified
Q57: Q58: Star athletes often receive incomes significantly above Q59: Profits as a reward to innovation is Q60: Accounting profits differ from the economist's concept Q61: According to Schumpeter,the large profits often realized Q63: Which of the following reasons for the Q64: Usury laws stemmed from the idea that Q65: To Marx,profits were Q66: Marx called that part of labor's productivity Q67: Profits as a reward to risk and![]()
A)
A) a reward for risk
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