Marx's Understanding of Property

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Questions and Answers

According to the text, what does the concept of 'property' mean in law and economics?

  • The sum total of the rights an individual may have with respect to an object (correct)
  • The object owned by an individual
  • The limitations on the use of objects
  • The laws that govern the ownership of objects

According to the text, what are some of the rights associated with property?

  • The right to dispose or transfer the object owned (correct)
  • The right to enjoy the fruits or profits of the object owned
  • The right to destroy or injure the object owned
  • The right to exclude others from using the object owned

According to the text, what is the relationship between property and the laws of a nation?

  • Property is subject to the limitations imposed by the laws of a nation (correct)
  • Property is determined by the laws of a nation
  • Property is defined by the laws of a nation
  • Property is protected by the laws of a nation

According to the text, what is the significance of property in capital in a capitalistic economy?

<p>It is of equal importance to property in land. (D)</p> Signup and view all the answers

According to the text, what is the relationship of the worker to the value he creates through his work?

<p>The worker has the right to the value he creates. (B)</p> Signup and view all the answers

According to the text, why did Marx criticize the exploitation of the many by the few?

<p>He believed in a fairer distribution of economic goods and services. (D)</p> Signup and view all the answers

According to the text, what is the potential consequence of socializing capital and placing its ownership in the hands of those wielding political power?

<p>The potential exploitation of workers and non-bureaucrats. (C)</p> Signup and view all the answers

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