For Veblen like Marx, history is shaped by class struggle, though not in battles over the means of production, but as permanent conflict between leisure class and the working class. Please explain their similarities and differences on the subject.
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For Veblen like Marx, history is shaped by class struggle, though not in battles over the means of production, but as permanent conflict between leisure class and the working class. Please explain their similarities and differences on the subject.
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- How does Hunt respond to the criticism directed aagainst Marx in his arguement on the " increasing misery" of workers?dont use chatgpt answer In the specific-factors model, labor migration from Mexico to the United States will cause _________ in U.S. low-skilled wages and _________ in Mexican low-skilled wages. A) increases; decreases B) increases; increases C) decreases; decreases D) decreases; increasesChose the trrue statement. a. Sincce the mid 1800ss , Unitedd States of America has experienced substantial migration in workforce in the following order: From service sector to agriculture, and then from agriculture to manufacturing. b. Moderniization or advances in technology, and smarrter processes are example factors that have increased manufacturing productivity in the US. c. The Clarrk-Fisher hypothhesis implies that as productivity increases in one sector, the labor force moves to another sector. d. b and c are true.
- Describe Weber’s Protestant ethic. Explain why Marxcould not have endorsed the relationship between theProtestant ethic and the spirit of capitalism proposed byWebeWhy is 'exploitation' an insufficient explanation for the Industrial Revolution? O Textile workers in Britain had already been exploited long before the Industrial Revolution. O Exploitation was terrible, but it was not unique to 18th century Britain. Exploitation explains a lot of the Industrial Revolution, but not all of it. O By 1760, Britain had abandoned its exploitation of its colonies.Consider an economy consisting of traditional cottage industry with perfect competition andincreasing returns to scale manufacturing industry where urban dweller's demand may be moreconcentrated in manufactured goods in which a minimum of workers has to be employed givingrise to a different production functions for both industries. Wage rate may significantly varybetween cottage and manufacturing industry along with identical market price.How does industrialization create market failure so that public policy should initiate toswell the process of economic uplift? Even if there is homogeneity of wage rate betweentraditional cottage and manufacturing industries, Is there any way multiple equilibria may existwhen many product sectors invest at a time. Why or why not?
- Which is microeconomics or macroeconomics? a) A comparison of alternative tax policies and thier respective impacts on the rate of the nation's economic growth b) the effect of government regulations on car emissions c) the decision by Mc Donalds to hire fewer workers becuase of an increase in the minimum wage d) the stock market plunges by 1000 points due to uncertaintyQuestion 3 How does the Specific-Factors model discussed in this chapter differ from the Ricardian model we covered in Chapter 2? The Ricardian model assumes labor is the only factor of production, while the Specific-Factor model assumes labor, land, and capital are all factors of production. The Factor-Specific model assumes constant opportunity cost, while the Ricardian model does not. O The Specific-Factor model contends that trade generates gains for some factors and losses for others. On the other hand, the Ricardian model assumes trade generated gains for all workers. O The PPF in the Specific-Factors model is bowed outwards, while in the Ricardian model it is a straight line. The Ricardian model assumes movement across workers, while the Specific-Factors model does not.How does Hunt respond to the criticism directed against Marx in his argument on the " increasing misery" of workers
- Define macroeconismics, microeconomics, compare and contrast the areas. What questions do both areas of study ask?In terms of production, prices, income and employment.Explain what the Industrial Revolution was and where it began.According to Bowles’s adaptation of Eswaran and Kotwal’s model, what determinesthe difference between economic positions? What are the differences between purewage worker, small capitalist and pure capitalist?