That Profits Are a Consequence of the Exploitation of Labor

question 8

Multiple Choice

That profits are a consequence of the exploitation of labor and the appropriation of labor's surplus value is a theory closely associated with

• A) Karl Marx.
• B) Henry George.
• C) Frank Knight.
• D) Thomas Malthus.
• E) Joseph Schumpeter.

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Definitions:

Bargaining Position

The relative power or leverage that a person or entity holds in negotiation settings, affecting their ability to secure favorable terms.

Nonunion Scabs

Workers who are not members of a labor union and are employed to work during a strike, typically regarded negatively by union members.

Strike Fund

A reserve of money set aside by labor unions to support workers during a strike action, helping cover lost wages and other expenses.

Bigger Piece

A phrase commonly used to refer to a larger share or portion of something, such as profits or market segments.