According to Marx, the Purpose of Government Is to Apply

question 10

Multiple Choice

According to Marx, the purpose of government is to apply force in order to

• A)control human impulsiveness.
• B)limit the degree of inequality in society.
• C)protect the rich and powerful.
• D)protect the poor from the wealthy and powerful.

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Definitions:

Discount Account

An account used in bookkeeping to record reductions in the list price of something, such as merchandise sold or loans issued.

Bonds Payable

Long-term debt instruments issued by a company to raise capital, with a promise to pay back the principal along with interest on specified dates.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, giving a snapshot of its financial condition.

Unearned Liability

A liability on the balance sheet representing revenues received but not yet earned, typically because the service or good has not yet been delivered.