Marx Claimed Social Stratification Would End with the Creation of a Socialist

question 7

Multiple Choice

Marx claimed social stratification would end with the creation of a socialist economy.What was Weber's view?

• A)Weber thought socialism would reduce economic differences but also create a political elite,increasing differences in power.
• B)Weber thought capitalism could not be changed.
• C)Weber thought socialism would create a new high-prestige nobility.
• D)Weber agreed with Marx.

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Definitions:

Long Run

A term in economics referring to a period wherein all inputs can be adjusted, including those that are typically fixed in the short run.

Variable Costs

Charges that adjust directly in response to the quantity of production or output.

Average Total Cost

The total cost divided by the quantity of output produced, representing the cost per unit of output.

Marginal Cost

The outgoings associated with the production of one more unit of a product or service.