Economics and Class Division
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Questions and Answers

Which two major traditions of economic thought are discussed in this chapter?

  • Neoclassical and Keynesian economics
  • Keynesian and Marxian economics
  • Neoclassical and Behavioral economics
  • Neoclassical and Marxian economics (correct)

    • In a capitalist society, who are the two classes that are locked in a struggle for a larger share of the goods and services produced?

  • Producers and consumers
  • Rich and poor
  • Employers and employees
  • Workers and capitalists (correct)

    • What is the dominant mode of production in a capitalist society?

  • Gift mode of production
  • Wage mode of production (correct)
  • Subsistence mode of production
  • Barter mode of production

    • What does economics study?

    <p>How society manages its scarce resources</p> Signup and view all the answers

    What will the chapter provide an overview of?

    <p>Neoclassical and Marxist economics</p> Signup and view all the answers

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