Surplus-value creates a further advantage for capitalists because: A. Capitalists are able to buy whatever they want B. Capitalists can use the surplus-value as capital for new ventures C. Workers lose their ability to organize D. None of the above

Surplus-value creates a further advantage for capitalists because: A. Capitalists are able to buy whatever they want B. Capitalists can use the surplus-value as capital for new ventures C. Workers lose their ability to organize D. None of the above

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 5P

See similar textbooks

Related questions

Q: 25. What are the four factors of production? a. b. C. d.

A: The four factors of production are: Land – It includes natural resources available for the…

Q: Which of the following is an advantage of capitalist economy? a. Maximization of welfare b. Absence…

A: In a capitalist economy, the property and goods are owned and contolled by private individuals. The…

Q: Paul decides to spend an hour playing football rather than studying or working at $6 per hour. His…

A: In economics, tradeoff refers to when an individual decides to let go of an opportunity or benefit…

Q: Decide whether each of the following descriptions most closely corresponds to being part of a…

A: ANS A command economy is a form of economy where any economic problems are solved according to the…

Q: High tax rates on interest and profits are disincentives.…

A: The marginal tax rate measures the amount of tax paid on additional income earned. According to…

Q: Explain how markets can allocate resources in a way that they go to those who value them the most.

A: Prices are important in resource allocation. There are benefits and drawbacks to using the price…

Q: What is the name given to the value that laborers produce but are not paid for, that is instead…

A: Labor cost is the complete of wages, advantages, and finance charges paid to and for all…

Q: Define intrinsic rewards. A. payment made to retired workers from an investment fund B. wages…

A: An organization uses reward schemes to provide both financial and nonfinacial benefits to the…

Q: The world population will double in the next 10 years, but you personally are unlikely to eat only…

A: Hunger is a circumstance in which an individual is unable to eat enough food to meet basic…

Q: Why does high compensation (wages) with little or no output from the worker is bad for the economy?…

A: Wage: The term wage refers to the remuneration that is paid to workers against their work. In most…

Q: The government will not set artificial rates on products.

A: In case of a market failure, the government intervenes in the market and sets an artificial price in…

Q: FM and Fp indicate the free time enjoyed by Maaike and Pim, respectively, and G is t hey put into…

A: The welfare of a society depends, upon the satisfaction levels of all its consumers. If there is a…

Q: Which is not a factor of production? Money Land Labor Capital 2 A point outside the production…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: Evaluate and explain the following statements: a. The market system is a profit-and-loss system.b.…

A: Market is a place where buyer and seller meet together. The objective of the market system is to buy…

Q: Were generally more efficient O a. Consumed more of the surplus Ob. Invested more of the surplus…

A: Capitalism is regularly considered as a financial framework wherein private entertainers own and…

Q: An example of innovation rent is: Select one or more: a.The cost of opening a new factory. b.The…

A: Innovation refers to derivation or construction of a new idea/thought or technology.

Q: gain Question 12 of 21 O Attempt 1 From an economic context, select the correct definition of a…

A: Buyers are the people who demand goods and services, while sellers are the people who produce/sell…

Q: QUESTION 1 Choose the most correct answer to the following questions/phrases. Only write do the…

A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. if…

Q: The economic theory of the firm assumes that businesses attempt to maximize their contribution to…

A: The economic theory of the firm is a branch of microeconomics that explains how firms make…

Q: Resources used to make goods and services are called A factors of B people production C scarcity D…

A: PLEASE NOTE THAT AS PER THE POLICY I HAVE SOLVED THE FIRST THREE SUB-PARTS. PLEASE POST OTHER…

Q: Identify the TRUE statement that describes capitalism, command or mixed economies. O a. Scarcity of…

A: There are various types of economic systems with different features. The command economy is an…

Q: In economics, what is any payment of production in excess to the cost needed to bring that factor…

A: Out of the given options, investment is not a payment for factor of production. Creation of economic…

Q: People allocate time for college because Select one: a. it decreases human capital by lowering work…

A: Factors of production are the economic resources that are used in the production of goods and…

Q: i. Market refers to economic institutions of modern capitalism. a. True p. False

A: Market is any platform that connects buyers with the sellers. Sellers enter the market with the…

Q: ost correct answer to the following questions/phrases. Only umber and the letter of your answer. nd…

A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. if…

Q: Thousands of people work together every day so that fresh SO steak gets delivered to people in…

A: In a market economy or a capitalist economy resource allocation is left at the hands of the market.…

Q: 10.Before starring in Iron Man, Robert Downey Jr. had appeared in 45 movies that grossed an average…

A: 10. a) Robert Downey Jr. was partly responsible for Iron Man's popularity, he now requires a higher…

Q: Which of the following is not characteristic of capitalist thought?a. Private individuals have a…

A: Capitalist economy: - it is that economic system where the price, quantity, and types of goods and…

Q: Carefully define the notion of opportunity cost. Use this notion to explain the following phenomena:…

A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Draw by defining production possibilities. What happens when the economy is in full and…

A: The PPF shows the combinations in the amounts which can be produced of two goods if the production…

Q: 1. Economic Efficiency 2. Economic System

A: 1. Economic efficiency shows equilibrium between misfortune and advantage. Model scenario: A rancher…

Q: According to Marx, surplus value is the source of profit. Discuss how surplus value is maximized in…

A: Surplus value in simple words means value added. Labor is used by the capitalist in producing their…

Question

Surplus-value creates a further advantage for capitalists because:

	A.	Capitalists are able to buy whatever they want
	B.	Capitalists can use the surplus-value as capital for new ventures
	C.	Workers lose their ability to organize
	D.	None of the above

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

QUESTION 1 Choose the most correct answer to the following questions/phrases. Only the question number and the letter of your answer. 1.1 1.1.1 Communism and Socialism are both examples of a economy. Planned Market C Mixed D Оpen 1.1.2 In a economy various aspects of production are determined by supp demand. A Planned Market C Mixed D Open 1.1.3 An unfair and unethical phenomenon that does not occur in planned econo Social grants Over-development Monopolies Unemployment be A B D 1.1.4 In a economy consumer demand is predictable and controllable.
Evaluate and explain the following statements: a. The market system is a profit-and-loss system.b. Competition is the disciplinarian of the market economy.
Which is not a factor of production? Money Land Labor Capital 2 A point outside the production possibilities curve is attainable, but there is not full employment attainable, but there is not optimal allocation unattainable because the economy is inefficient unattainable because of limited resources 3. A basic characteristic of a command system is that wages paid to labor are higher government owns most economic resources free markets are never permitted in a command economy government planners play a limited role in deciding what goods will be produced
Decide whether each of the following descriptions most closely corresponds to being part of a command system, a market system, or a laissez-faire system. a. A woman who wants to start a flower shop finds she cannot do so unless the central government has already decided to allow a flower shop in her area. b. Shops stock and sell the goods their customers want but the government levies a sales tax on each transaction in order to fund elementary schools, public libraries, and welfare programs for the poor. c. The only taxes levied by the government are to pay for national defense, law enforcement, and a legal system designed to enforce contracts between private citizens.
Compared to capitalism, elites in previous societies Were generally more efficient Consumed more of the surplus b. Invested more of the surplus Oc. Consumed less of the surplus d.
What is the name given to the value that laborers produce but are not paid for, that is instead captured by the capitalists?
An example of innovation rent is: Select one or more: a.The cost of opening a new factory. b.The return to an entrepreneur from introducing a new technology. c.The opportunity cost of production. d.The cost an entrepreneur must pay to the inventor of a new technology.
I need the answer as soon as possible
The economic theory of the firm assumes that businesses attempt to maximize their contribution to social welfare. a. True b. False
Help me
Define intrinsic rewards. A. payment made to retired workers from an investment fund B. wages earned for working more than the normal allotted time in a workday C. reasons for a person to do something that are not based on wage or salary D. salaries earned by employees for being especially great at their j
Which of the following is an advantage of capitalist economy? a. Maximization of welfare b. Absence of monopoly c. Limited government control d. Equal opportunity