The Fact That Managers Work for the Bourgeoisie and Therefore

question 69

Multiple Choice

The fact that managers work for the bourgeoisie and therefore are essentially proletariat yet have authority over the proletariat is an example of

• A)downsizing.
• B)an unequal occupational structure.
• C)the petite bourgeoisie.
• D)a contradictory class location.

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a specific market.

Market Output

The total amount of goods and services produced and offered for sale by all firms in a particular market.

External Cost

Costs that are not borne by the parties involved in an economic transaction but by other members of society.

Efficient Price

A price that reflects all available information and makes the best use of resources, minimizing waste and maximizing value.