The Theory That Holds That the Relative Values of Goods

question 87

Multiple Choice

The theory that holds that the relative values of goods and services are ultimately determined by the quantities of labor required in their production is the:

• A) capitalism theory.
• B) labor theory of value.
• C) marginal productivity theory.
• D) theory of surplus value.

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Definitions:

Equality Matching

A relationship model based on balance and fairness, where contributions and benefits are expected to be equal.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Reputation

The general opinion or judgment about an individual's or entity's character, abilities, and potential based on past actions and achievements.

Traits

Traits are distinguishing characteristics or qualities that define an individual's personality, behavior, or physical attributes.