Which of the Following Statements About Karl Marx Is FALSE

question 45

Multiple Choice

Which of the following statements about Karl Marx is FALSE?

• A) He analyzed 19th-century industrial production capitalism.
• B) He called the people who sold their own labor the proletariat.
• C) He emphasized class consciousness.
• D) He called the owners of the means of production the bourgeoisie.
• E) He viewed socioeconomic stratification in terms of several classes with different but complementary interests.

---

Definitions:

Nose

The part of the face that houses the nostrils and organs of smell and forms the beginning of the respiratory tract.

Economies Of Scale

Cost advantages reaped by companies when production becomes efficient, leading to a decrease in the per-unit cost as output increases.

Diseconomies Of Scale

The situation when a firm's costs per unit increase as it produces more output, opposite of economies of scale.

ATC Curve

A graphical representation of the average total costs of production at different levels of output in economics.