According to Marx, which of the following is true? O capitalism causes one social class to conflict with the other. O economic evolution is the result of a superstructure determined by the Proletariat. rolestial O the state becomes a means through which the political class confiscate the wealth of the social class. O the forces of production will eventually block the relations of productions.
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According to Marx, which of the following is true? O capitalism causes one social class to conflict with the other. O economic evolution is the result of a superstructure determined by the Proletariat. rolestial O the state becomes a means through which the political class confiscate the wealth of the social class. O the forces of production will eventually block the relations of productions.
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- In a capitalist system, markets must satisty theee features Which of the following is not one of those features O Reciprocal O Voluntary O Competitive O Fived pricesWhich of the following is true of an economic theory? It uses complex mathematical equations to explain the problem of scarcity of resources It seeks to prove political ideals and establish a moral code of conduct It seeks to strengthen the role of the government in an economy It is a deliberate simplification of factual relationships O O O OMarx claimed that “ society is fundamentally determined by the material conditions or by the relationships which people have with each other with respect to production. Discuss how he supported this claim vis- a - vis the different stages in the evolution of economic systems
- According to Marx’s materialist conception of history, what is the relationship between property or the division of labor and consciousness? How might property relations and ideas prevent or promote social change?Legislation to protect red-cockaded woodpeckers created incentives that resulted in premature harvesting of trees the woodpeckers like to nest in. This is an example of which of the following pitfalls to avoid in economic thinking? O the fallacy of composition O Association is not causation. O the use of ceteris paribus conditions in economic analysis O Good intentions do not always lead to desirable outcomes.Who answers the three key economic questions in a command economic system? O custom & tradition. O individual producers and consumers O a central authority government and individuals What is the function of an economic system 4 to coordinate production and distribution of goods and services aid for their laber
- Identify the TRUE statement that describes capitalism, command or mixed economies. a. Scarcity of resources are only found in some economies in the world O b. Economic system resolves central problems of an economy Production possibilities does not solve the problem of what to produce O d. All of theseNeed help with this homework thinking question (about opportunity costs) Sigmund Freud, in his 1930 essay Civilization and Its Discontents, argues that thesublimation of sexual desire leads to the mental energy required for advances in civiliza-tion: science, art, politics, etc. He writes,“Sublimation of instinct [such as sexual instinct] is an especially conspicu-ous feature of cultural development; it is what makes it possible for higherpsychical activities, scientific, artistic, or ideological, to play such an impor-tant part in civilized life... it is impossible to overlook the extent to whichcivilization is built up upon a renunciation of instinct...” How would an economist phrase Freud’s argument, in terms of opportunity costs? Might this explain the development of monogamous marriage as an institution?A manager asks an employee, "Should we distribute tickets to the concert on a first-come-first-served basis or through a lottery?" The manager's question is best classified as which one of the following fundamental economic questions? For whom to produce. How to produce What to produce O Why to produce
- Consider the following Production Possibilities Frontier. Which of the following statement is correct? Pods A Mobile phones Select one: O a. There is only one resource used (labor), all the workers have exactly the same characteristics and the econor less of both goods when moving from A to B. b. There is a mix of resources involved in the production process and the economy can produce more of both go moving from A to B. OC. The opportunity cost of mobile phones in terms of iPods is decreasing and the production of iPod is efficient. Od. The opportunity cost of mobile phones in terms of iPods is increasing and the economy is operating above its potential for both goods. Clear my choiceWhich of the following can best be characterized as a subject of microeconomics? O an examination of a country's imports and exports an examination of how much of a particular good gets produced O an examination of inflation O an examination of an economy's overall level of productionThe three economic questions that every society must answer are OA. What are the prices of goods, how are they determined, and who will pay for them? OB. What economic system will be used, how will it be implemented, and who will make market decisions? OC. What goods will be produced, how will they be produced, and who will receive the goods? OD. What kind of government will the society have, how will it be run, and who will run it? Centrally planned economies allocate resources based on decisions by while market economies answer these questions through decisions made by