According to Marx, which of the following factors of production did not contribute anything of value to production?
A) capital B) entrepreneurship C) natural resources D) labor
B
Economics
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The price elasticity of demand will be larger in absolute value if
a. expenditure on the good represents a smaller proportion of the consumer's total expenditure b. we define the good more broadly c. we define the good more narrowly d. the number of substitutes is smaller e. the number of consumers is larger
Economics
The Samuelson-Solow version of the Phillips curve showed the relationship between unemployment rates and
A) Real GDP growth rates. B) price inflation rates. C) wage inflation rates. D) imports.
Economics