The Slope of the Per Person Production Function Is

question 82

Multiple Choice

The slope of the per person production function is

• A)the marginal product of labor.
• B)the marginal product of capital.
• C)lower for a poor country than for a rich country.
• D)higher for a rich country than for a poor country.

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Definitions:

Class Consciousness

Awareness by a social class of its own interests, conditions, and the need for collective action to bring about social change.

Objective Economic

Relating to economic phenomena that can be quantitatively measured and analyzed without bias or subjective interpretation.

Capitalist Societies

Economic and social systems where trade, industry, and the means of production are largely or entirely privately owned and operated for profit.

Cultural Superstructure

A concept in Marxist theory describing the cultural, ideological, and institutional structures built upon the economic base of society.