According to Karl Marx, the value of goods and services
A) is determined by supply and demand.
B) should be determined by the state.
C) derives from the cost of labor needed to produce them.
D) depends on the materials goods are made from.
Correct Answer:
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Q8: Adam Smith's Inquiry into the Nature and
Q9: Liberal economic theorists assume that individual actors
Q10: According to the law of supply and
Q11: Which of these are often considered synonymous?
A)
Q12: Which of the following statements is not
Q14: Marx theorized that economic and political inequality
Q15: What is the definition of the economic
Q16: What does development economics study?
A) Growth strategies
Q17: Which author theorized that nations pass through
Q18: What did economist Arturo Escobar argue is
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