According to Karl Marx, Where Does Surplus Value Come From

question 6

Multiple Choice

According to Karl Marx, where does surplus value come from?

• A) selling goods to overseas markets where demand is higher
• B) finding ever-cheaper ways of processing raw materials
• C) paying workers less than the value of what they create
• D) the added value owners bring to a manufactured product
• E) hard work and ingenuity on the part of those who retail goods

Identify the components of civil society and their roles in a democratic state.

Identify and understand the different theories of power and governance, such as elite theory, pluralist theory, and theories of democracy.

Analyze the role and impact of special interest groups and lobbies in political systems.

Examine the factors influencing the risk of war and political unrest in various countries.

---

Definitions:

Labor Rate

The cost associated with hiring labor, often expressed per hour or unit of work.

Sales Budget

A financial plan that forecasts the sales revenue, including the volume of sales and the unit prices, for a specific period.

Rolling Budgets

Budgets that are continuously updated by adding a new budget period as the current period is completed, extending the budget into the future.

Retained Earnings

The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders.