Liberty ECON 350 Test 7 Answers latest solution
1. Engels thought price fluctuations reflect production among different sectors of the economy, in a way that can lead to
2. According to Marx, “in periods of crises whe
...
Liberty ECON 350 Test 7 Answers latest solution
1. Engels thought price fluctuations reflect production among different sectors of the economy, in a way that can lead to
2. According to Marx, “in periods of crises when credit collapses completely … nothing goes any more but _______”
3. The US Constitution made it illegal for the federal government to tax a person’s income. This probation was removed by the
4. The Marxian “law of value” was about
5. Which nation first put into practice of Marxian?
6. Without protection of individual property rights, individuals would tend to
7. Due to the recurrent economic crises, Marx believed that finally ______ would revolt and ultimately threatened the existence of capitalism
8. “The great and chief end, therefore, of men’s uniting into commonwealth, and putting themselves under government, is the preservation of their property.” This statement was made by
9. Classical economists believed that individuals who accumulated a sufficient amount of property over and above what they needed had a moral obligation to
10. In our text, “Marxian” refers to the ideas developed jointly by Karl Marx and _______
11. Marx argued that capitalism “attacks the individual at the very root of his life,” because of
12. “Our government pretends to pay us, so we pretend to work.” This describe the workers in
13. The Soviet Union allocated massive amounts of resources toward future output, the bulk of these resources were wasted because
14. According to Marx and Engels, knowing the world is static is key to understanding social and economic systems.
15. Low tax rates, a limited government, and free markets are all essential to creating wealth. However, none of these factors would meaningful without the rule of law to protect
16. A caterpillar grows into a bigger caterpillar; it develops into a butterfly. Not so the worker under capitalism," according to Marxian writings.
17. What are essential for the wealth of a nation
18. During the economic distress of 1840s, Marx and Engels expected actual real income would increase under capitalism
19. Marx referred to his presenting of the analysis in the three volumes of Capital in a “_______” way
20. Marx and Engels took many concepts from the work of Hegel.
[Show More]
 liberty answers.png)
 answers.png)
