Workers Picking Strawberries Can Pick 100 Baskets an Hour,but It

question 52

Multiple Choice

Workers picking strawberries can pick 100 baskets an hour,but it only costs the employer a value of 20 baskets to pay them their hourly wages.The income the employer collects from the extra baskets is __________,according to Karl Marx.

• A)extra wages
• B)surplus value
• C)wage theft
• D)surplus income
• E)the means of production

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Definitions:

Government Securities

Financial instruments issued by a government to finance its projects and operations, typically considered low-risk investments.

Supply of Money

The total amount of money available in an economy at a particular time, encompassing cash, coins, and balances held in checking and savings accounts.

Interest Rates

The cost of borrowing money or the reward for saving, typically expressed as a percentage of the principal amount per period.

Reserve Requirement

This is the minimum amount of funds that a bank must hold in reserve against deposits made by customers, a requirement set by the central bank.