Answered: Marx argued that paradoxically,…

Marx argued that paradoxically, increased productivity would cause to rate of profit to _______ over time. A. Rise B. Fall C. Remain the same D. None of the above

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 35P: Say that the average worker in the U.S. economy is eight times as productive as an average worker in...

See similar textbooks

Related questions

Q: he table given below reports the value of different economic variables of a country during a year.…

A: Answer: Gross investment; gross investment is the sum of net investment and depreciation.…

Q: When a smaller country with fewer resources specializes in the production of a good in which it has…

A: When a country produces at a lower opportunity cost in comparison to others, the country is known to…

Q: 4.The following table shows that the united states and England produced wheat and corn quantities in…

A: Answer -

Q: 1. Use the following information from a fictional economy: Consumption, C = 250 + 0.8 Yd Investment,…

A: e part oy hand written

Q: Explain with the use of graphs the effects of increased taxes on airline tickets on travel to major…

A: The equilibrium level is decided where the demand and supply forces are equal. The imposition of tax…

Q: Questions: YTL did not buy property during inflationary period. Identify the reasons given by Tan…

A: Note: We will be able to answer the first question as the exact one was not specified. Please…

Q: QUESTION 1. Consider a standard Heckscher-Ohlin model with two countries: Germany is…

A: When the available resources are out of balance, the Heckscher-Ohlin theorem explains quantitatively…

Q: Question 38 If you go to the bank and notice that a dollar buys more Ghanaian cedis than it used to,…

A: A strong dollar is one that can buy more than its counterpart in another Ghanaian currency.

Q: In the game shown below, Player 1 can move Up or Down, and Player 2 can move Left or Right. The…

A: Given date , In the game shown below ,Player 1 can move up or down, and player 2 can move left or…

Q: Which function of money is in each of the following cases demonstrating? (4) A restaurant manager…

A: Functions of Money are: Store of Value Unit of Account Medium of Exchange.

Q: he marginal cost of driving a mile is $0.33. (Round your response to two decimal places) an deciding…

A: The answer is as follows:-

Q: True or false question. Open market operations is a monetary policy tool that involves buying and…

A: Open market operations (OMO) alludes to a national bank trading transient Treasuries and different…

Q: Which of the following is the most accurate statement regarding the problem with using life…

A: Life expectancy is one of the economic measures that is used to analyze the health of the people of…

Q: Which of the following aggregate demand-aggregate supply graphs illustrate the short-run effects of…

Q: If you have an idea of a product, a process or a service that you think will be in demand,…

A: In a market, an individual wants to operate a business with having an idea, process, and strategy…

Q: Numbers and Graphs: Monopoly (Ch 10) Use the purple rectangle (diamond symbols) to shade the area…

A: Answer: As the price of a good rises the revenue rises due to the increased price and also the…

Q: The Cobb-Douglas production function with output Q and capital and labor inputs K and L,…

Q: Chartered banks increase the money supply by: Select one: pay withdrawals to depositors. O a. O b.…

A: Banks acts as intermediaries and play an important role to create money in the economy. If these…

Q: Part B Answer any FOUR (4) questions of the SIX (6) questions. 1. Managerial economic decisions are…

A: Introduction Managerial economics is a very important application or system for any company because…

Q: Mr. Lopez is planning for her retired life. She has 10 more years of service. He would like to…

A: *Answer:

Q: Lukanga Water has been providing water services in the Central Province for more than 20 years.…

A: Profit maximising level of output for a firm is at the point where marginal revenue (MR) equals…

Q: Using the following concepts, explain why price and quantity demanded have an inverse relationship.…

A: We have inverse relationship between price and quantity demanded.

Q: In a market economy, the compensation of labour is determined by the interaction of demand and…

A: A market economy is a type of economic system where the economy is regulated by demand and supply…

Q: A Nash Equilibrium is the equilibrium of a game in which; Both players get the largest payoff…

A: In the mentioned question we have been asked about the nash equilibrium.

Q: is cumbersome to store, transport and exchange. O must be the backed by a commodity. is not always…

A: Bartering is the trading of labor and products between at least two gatherings without the…

Q: Surplus-value creates a further advantage for capitalists because: A. Capitalists are able to…

A: as we know that labour and capital are two important factor in production . labour gets wage and…

Q: Discuss how you would conduct sales forecasting when working with government aganecy. Be sure to…

A: Sales: It refers to the goods and services that have been available to the public for purchase. The…

Q: Johanna has / =$181 to spend on goods x1 and x2. Her utility function is given by U (21, 22) = 2…

Q: ow does globalization affect culture and languages

A: Globalization" is a social interaction "described by the presence of global economic, political,…

Q: The demand curve for a product is given by QD = 475 - 25P and the supply curve for a product %3D is…

A: Solution: Equilibrium occurs where the demand equals supply, so QD = QS 475 - 25P = 15P - 45 475 +…

Q: 5. According to the documentary on Athenian Democracy, the dark side of democracy was that the…

A: Democracy refers to the way of operating society by the government in which people elect their…

Q: 2.) Tax incidence is always highest for the side of the market that a.) Has the lowest legal tax…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: When an economy experiences inflation, the money a) can no longer serve as a store of value. b)…

A: Answer: One of the functions of money is that it acts as a store of value. It means people can…

Q: EXAMPLE QUESTION What happens to the price and quantity if the demand and supply both decrease…

A: 1. When demand and supply both increases at the same rate. Initially the demand is Demand1, the…

Q: QUESTIONS 1. What was the symbolic significance of a successful terrorist attack on the World Trade…

A: Answer 3. The short-term consequences of the attack appeared to be significant. And in the same way,…

Q: Law of diminishing return and its shape of the curve

A: In a market, when a firm makes production activities, it requires to analyze the behaviour of the…

Q: The table given below reports the value of sales at each stage of production of an economics book.…

A: Value-added method of calculating GDP GDP measures the market value of final goods and services…

Q: When graphing the NTR and BL lines: Multiple Choice Both begin above the graph's origin. The NTR…

A: The amount collected after the relevant tax has been deducted from gross income is referred to as…

Q: Problem: The cost of maintaining a certain permanent monument in Washington, DC occurs as periodic…

A: The formula for computing the annual payment is as follows: A = F[i/(1+i)n-1] Were, F =…

Q: Is the following true, false or uncertain? Consider a temporary positive inflation shock in a…

A: A fixed exchange rate is a regime applied by a government or central bank that ties the country's…

Q: If there were 30 firms in this market, the short-run equilibrium price of copper would be $ per…

A: In economics, the long-run is a theoretical concept in which all markets are in equilibrium and all…

Q: You are given the market demand function Q = 3400 – 1000p, and that each duopoly firm's marginal…

Q: 2. When you discover a $20 bill in your coat pocket that you placed there last winter, you find you…

A: Money has a lot of valuable functions. Medium exchange means that money can be exchanged for…

Q: The table given below reports the price of soda over four consecutive years. Table 5.7 Price Data…

A: PLEASE FIND THE ANSWER BELOW. PRICE INDEX: The price index, a measure of relative price changes,…

Q: 5. A city that is attempting to attract a professional football team is planning to build a new…

A: Answer is given below

Q: Suppose there is a slowdown in economic activity worldwide and many foreign governments decide to…

A: An increase in government spending has a significant impact on the economy.

Q: For something to be considered money, it must a) not be generally accepted as a medium of exchange.…

A: The answer is as follows:-

Q: The basic quantity equation of money is MV = PQ, where M is the money supply, V is the velocity of…

A: In 1911, Classical economist Irving Fisher stated the quantity theory of money which states that the…

Q: How does inflation alter personal behavior?

A: Inflation is the rate of increase in prices over a given period of time. Inflation is typically a…

Q: If the government decreases taxes this will shift the aggregate demand curve by than a change in…

A: The tax multiplier measures the effect of change in taxes on equilibrium GDP The government spending…

Question

Marx argued that paradoxically, increased productivity would cause to rate of profit to _______ over time.

A.

Rise

B.

Fall

C.

Remain the same

D.

None of the above

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

What is productivity? Describe the factors of productivity. Answer must be correct. Answer Briefly.
According to Adam Smith, which one was not the reason why division of labor increases output? Select one: a. Invention of new machinery. b. Increase labor skills. c. Time-consuming. d. Increase efficiency
Explain the process of accumulation as Smith and Marx saw it (Note: The descriptions by Smith and Marx are essentially the same). What are the underlying motivations of the firm that produce this behavior? How has the process of accumulation changed since the time of Smith and Marx?
In economics, How might productivity be measured for each of the following industries ? a. Education(e.g., elementary and secondary education, higher education—undergraduate and graduate) b. Government (e.g., the Social Security Office, the Internal Revenue Service) c. Manufacturing (e.g., soap and toothpaste, computers, heavy machinery) d. Finance and insurance (e.g., banks, insurance companies, brokerage houses)
When we speak of "capital" in economics we mean? a. financial instruments like stocks and bonds b. goods used to produce more good c. only the cost of capital enviroment d. Money
Say that the average worker in the U.S. economy is eight times as productive as an average worker in Mexico. If the productivity of U.S. workers grows at 2 for 25 years and the productivity of Mexicos workers grows at 6 for 25 years, which country will have higher worker productivity at that point?
Why does adding capital to a production function make the economy more productive? What are diminishing returns to capital? How does technology affect productivity and growth?
Give Some examples of different types of productivity measures?
Per capita GDP in the long run: Suppose an economy begins in steady state.By what proportion does per capita GDP change in the long run in responseto each of the following changes?(a) Te investment rate doubles.(b) Te depreciation rate falls by 10%.(c) Te productivity level rises by 10%.(d) An earthquake destroys 75% of the capital stock.(e) A more generous immigration policy leads the population to double.
Why do you think the various factors of production is an important concept of economic in production?
explain economic in 19th century
Thomas Malthus presented a dismal forecast for man-kind, largely due to the effects of population growth. Show that immigration, like population growth, tends to create unemployment in the short run and reduce the standard of living of workers in the long run, even though it does enhance the economy’s ability to produce. (Use diagram and analysis)