Marx and Smith

What is the main concept in Marxism that focuses on the conflict between the working class and the ruling class?

• Class struggle

• Hierarchy dispute

• Social conflict

• Class warfare

According to the Labor Theory of Value, where does the true value of a product come from?

• Labor required to produce it

• Amount of resources used

• Value assigned by the government

• Consumer demand

Who are the owners of the means of production in a capitalist society?

• Government agencies

• Non-profit organizations

• Foreign investors

• Private individuals or corporations

In Marxism, who are the working class individuals who sell their labor for wages?

• bourgeoisie

• middle class

• aristocracy

• proletariat

What term is used in Marxism to describe the social class that owns the means of production?

• proletariat

• oligarchy

• aristocracy

• bourgeoisie

Which subtopic of Marxism deals with the exploitation of the working class by the ruling class?

• Proletariat Conflict

• Bourgeoisie Oppression

• Labor Exploitation

• Class Struggle

According to Marxism, what is the ultimate goal of the proletariat in the class struggle?

• To create a society with more class divisions

• To overthrow the capitalist system and establish a classless society

• To strengthen the capitalist system

• To maintain the status quo

What is the term used in Marxism to describe the economic system where the means of production are privately owned?

• socialism

• capitalism

• communism

• feudalism

Who developed the concept of Marxism?

• Adam Smith

• Vladimir Lenin

• Friedrich Engels

• Karl Marx

What is the term used in Marxism to describe the process of workers being paid less than the value of their labor?

• underpayment

• oppression

• devaluation

• exploitation