What Is a Mode of Production

question 5

Multiple Choice

What is a mode of production?

• A) the land, labor, technology, and capital of production
• B) a postindustrial adaptive strategy, such as commercial agriculture or international mercantilism
• C) the cultural aspect of any given economy, such as changing fashions in the textile and clothing industry
• D) the way a society's social relations are organized to produce the labor necessary for generating the society's subsistence and energy needs
• E) whether a society is foraging, horticulturalist, or agriculturalist

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Definitions:

Personal Income

The total amount of income received by an individual or household from all sources before taxes.

Marginal Tax Rate

The percentage at which the last dollar of income is taxed, indicating how much tax will be paid on an additional dollar of income.

Decreased

A reduction in the quantity, size, intensity, or extent of something.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, indicating how much tax will be paid on an additional dollar of income.