In His Prediction of a Growth in the Gap That

question 23

Multiple Choice

In his prediction of a growth in the gap that separated the bourgeoisie and the proletariat-one that would lead to the eventual overthrow of the bourgeoisie-what did Marx fail to take into account?

• A) that technological developments that improve profits would be resisted by the workers
• B) that a large, heterogeneous, middle class of high-income workers would emerge
• C) that a sense of community spirit and caring would emerge among the bourgeoisie
• D) that factory owners would invest profits into improving working conditions

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Definitions:

Promissory Estoppel

A legal principle preventing a party from retracting a promise when the other party has reasonably relied on that promise and acted upon it, leading to a detriment.

Reasonable Reliance

Relying on a statement or action in a manner that a reasonable person would consider justified under the circumstances.

UCC

The United States has implemented the Uniform Commercial Code, a wide set of legal principles, to govern commercial exchanges.

Consideration

In contract law, something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.