Aristotle's Theory of Just Exchange vs
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Questions and Answers

What does Aristotle say about a just exchange of qualitatively different things?

  • It does not require different value
  • It requires that they be of different value
  • It requires that they be of equivalent value (correct)
  • It does not require equivalent value

    • According to Marx, what did Aristotle fail to discover about the expression of the value of commodities?

  • The relation of equality (correct)
  • The relation of abundance
  • The relation of scarcity
  • The relation of inequality

    • What does Aristotle suggest as the unit of measurement for all goods?

  • Supply
  • Price
  • Labor
  • Demand (correct)

    • What does Aristotle believe about the exchange value of goods and services?

    <p>It is determined by the free play of opinions in a competitive market</p> Signup and view all the answers

    What does the text suggest about the labor theory of value?

    <p>It is false</p> Signup and view all the answers

    What is necessary for the value set on things to be exchanged to reflect the opinions of potential buyers and sellers?

    <p>Free and workable competition</p> Signup and view all the answers

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