Surplus Value in Marxian Economics
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Questions and Answers

What is surplus value in Marxian economics?

  • The total revenue from the sale of a product
  • The difference between the amount raised through a sale of a product and the amount it cost to manufacture it (correct)
  • The profit made from selling a product
  • The cost of materials used in manufacturing a product

Who coined the term 'surplus value'?

  • William Thompson (correct)
  • David Ricardo
  • Adam Smith
  • Karl Marx

What is the German word for surplus value?

  • Mehrwertlich
  • Mehrverdienen
  • Mehrwertig
  • Mehrwert (correct)

What is the primary basis for further developments of the concept of surplus value?

<p>Marx's formulation (D)</p> Signup and view all the answers

What is disputed regarding Marx's concept of surplus value?

<p>How much of Marx's concept is original and distinct from the Ricardian concept (D)</p> Signup and view all the answers

Who coined the term 'surplus value'?

<p>William Thompson (C)</p> Signup and view all the answers

What is surplus value in Marxian economics?

<p>Difference between sale price and manufacturing cost (C)</p> Signup and view all the answers

What is the German word for surplus value?

<p>Mehrwert (B)</p> Signup and view all the answers

Who developed and popularized the concept of surplus value?

<p>Karl Marx (D)</p> Signup and view all the answers

What is the primary basis for further developments of the concept of surplus value?

<p>Marx's formulation (C)</p> Signup and view all the answers

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