Moderate

According to Karl Marx_______________?

Correct answer: C. classes are determined by the relationship of a group in society to the means of production

  • A. classes are the result of different life styles
  • B. status is also a phenomenon of stratification
  • C. classes are determined by the relationship of a group in society to the means of production
  • D. classes are composed of the have-nots who eventually revolt against the haves

Explanation

For Marx, class is rooted in a group's relationship to the means of production: owners form the bourgeoisie and non-owners form the proletariat. Lifestyle differences are consequences or associated features, not the basic definition of class.

Last updated

About Microeconomics

Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.

Practise Microeconomics

1,705 free Microeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.

Exams that ask Economics questions like this

Economics is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.

Related questions