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:

Discount Rate

In finance, a rate used to determine the present value of future cash flows or investments, reflecting the time value of money and risk.

Salvage Value

An asset's projected market price at the termination of its serviceable life.

Simple Rate Of Return

The rate of return computed by dividing a project’s annual incremental accounting net operating income by the initial investment required.

Technologically Obsolete

A state where a product or equipment becomes outdated or no longer competitive due to advances in technology.