Which of the Following Was a Marxist Prediction

question 67

Multiple Choice

Which of the following was a Marxist prediction?

• A) Production would move from large to ever-smaller factories.
• B) Standards of living would increase because of improved productivity and technological advance.
• C) There would be significant differentiation between workers and owners of factories.
• D) The use of business power would increase competition.

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Definitions:

Medium Of Exchange

An intermediary instrument, such as money, used to facilitate buying and selling goods and services.

Money

A medium of exchange that facilitates trade, serves as a unit of account, a store of value, and sometimes, a standard of deferred payment.

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type.

Legal Tender

U.S. currency that constitutes a valid and legal offer of payment of debt.