According to Karl Marx (1867), Which of the Following Factors

question 35

Multiple Choice

According to Karl Marx (1867) , which of the following factors of production did not contribute anything of value to production?

• A)labour
• B)capital
• C)natural resources
• D)entrepreneurship

Understand the risks associated with exchange rate fluctuations, including short-run, long-run, and translation exposure.

Learn the strategies for managing exchange rate risks, including the use of forward rates and financial remittances.

Distinguish between the relative and absolute versions of purchasing power parity.

Identify the conditions necessary for absolute purchasing power parity to exist.

---

Definitions:

Adults Unemployed

Individuals over the working age who are without jobs and actively seeking employment.

Adults Not in the Labor Force

Individuals aged 16 and older who are neither employed nor actively seeking employment.

Total Adult Population

The entire number of individuals within a specified area or country who are legally considered adults, often used in demographic analyses and economic models.

Not in the Labor Force

Individuals who are neither employed nor actively seeking employment and, therefore, not counted in the labor force.