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According to Marx's Dialectical View of History, Each Ruling Group

question 17

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According to Marx's dialectical view of history, each ruling group

Recognize exchange theory dynamics, including the consequences of unequal exchanges.
Explain the role of power and norms in shaping group conformity and behavior according to Pete Blau and Molm and Cook.
Understand the stages of Peter Blau's Exchange Theory.
Analyze critiques and weaknesses of James Coleman's rational choice theory.

Definitions:

Capital and Financial Account

Components of a country's balance of payments, recording the transactions of assets and liabilities, such as direct investments, portfolio investments, and other investments across borders.

Net Exports

The value of a country's total exports minus the value of its total imports, indicating the balance of trade.

National Debt

The total amount of money that a country’s government has borrowed by issuing securities and not yet repaid.

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