Why Is Karl Marx Considered an Important Theorist in the Study

question 23

Multiple Choice

Why is Karl Marx considered an important theorist in the study of class?

• A) Marx developed the concept of the bourgeoisie.
• B) Marx was the first thinker to consider the idea of work and production.
• C) Marx built his ideas from those of Max Weber and so acquired great prestige.
• D) Marx focused on capitalism as it pertained to workers and inequality.

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Definitions:

Diversification

An investment strategy that involves spreading investments among various financial instruments, industries, and other categories to reduce risk.

Protection

Economic policy measures, such as tariffs and quotas, used to limit imports in order to protect domestic industries.

Worse Off

A situation in which an individual or group is in a less favorable or more disadvantageous position than before.

International Trade

entails the exchange of goods and services across international borders or territories, influenced by comparative advantages, exchange rates, and global economic policies.