The Activities Required to Ensure the Day-To-Day and Generational Reproduction

question 32

Multiple Choice

The activities required to ensure the day-to-day and generational reproduction and survival of the population is referred to by Marxist and feminist-Marxist theorists as

• A)social reproduction.
• B)material production.
• C)domestic reproduction.
• D)domestic productivity.

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Definitions:

Maximum Profit

The highest possible financial gain that a firm can achieve from its operations.

Deadweight Loss

The decrease in economic performance that happens when a good or service fails to meet or cannot attain its optimal distribution point.

Marginal Cost

The cost of producing one additional unit of a good or service, considering all variable resources used in production.

Monopolistic Competition

A type of imperfect competition such that many producers sell products that are differentiated from one another (e.g., by branding or quality) and hence are not perfect substitutes.