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SOCS 185 TEST BANK MIDTERM AND FINAL EXAM NEWEST 2024 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+$8.39
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SOCS 185 TEST BANK MIDTERM AND FINAL EXAM NEWEST 2024 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+
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Course
SOCS 185 TES
Institution
SOCS 185 TES
1. KARL MARX what are the types of value?
.use value
.exchange value
.surplus value
2. what is use value?
subjective, qualitative measure of some human want or need (what a commodity is "used for")
3. what is exchange value?
objective, quantitative measure of value of a commodity ...
SOCS 185 TEST BANK MIDTERM AND FINAL EXAM NEWEST 2024 ACTUAL
EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES
(VERIFIED ANSWERS) |ALREADY GRADED A+
1. KARL MARX what are the types of value?
.use value
.exchange value
.surplus value
2. what is use value?
subjective, qualitative measure of some human want or need (what a commodity is "used for")
3. what is exchange value?
objective, quantitative measure of value of a commodity (and what it is "exchanged for"), based
upon quantity of labor required to produce it
4. what is surplus value?
value extracted by capital during production process by not paying the workers the full value of their
labor in terms of how much value the added to the product through their work; using this "surplus
labor time" as the eventual source of profit.... IMAGINE a worker is paid,
10 dollars an hour to work a machine that gives the capitalist 40 dollars of work...-20 for costs so
capitalist=
10 dollars of SURPLUS VALUE... think added value
5. what is Socially Necessary Labor Time?
the quantitative measure of exchange value, deter mined by the average amount of labor it takes to
produce a certain commodity in a particular society
6. what are the two types of labor?
, Concrete Useful Labor and Abstract Labor
7. what is concrete useful labor?
specific or skilled labor, associated with production of use values
8. what is abstract labor?
general unskilled labor, associated with production of exchange values or value
9. what is the exploitation of labor under capitalism?
Use of wage labor to produce commodities by paying workers a wage rather than the full value
added by the workers to the product during the labor process
10. what is human labor vs. bee labor?
Human labor involves creativity and imagination, even if result is poor
Bee labor involves instinctual repetition, often with beautiful results
11. what are the 4 social classes?
.Bourgeoisie - owners of large capitalist enterprises
.Proletariat - modern working class, mainly in factories
.Peasantry -- rural laboring class, in situation of serfdom under European feudalism
.Aristocracy (Lords) -- large landowners, more dominant under precapitalist societies like feudalism
12. what is historical materialism?
a way of viewing society that emphasizes material production, how we gain our economic
sustenance as key to rest of our social arrangements
13. what is idealism?
the belief that ideas are the driving force of change in human societies
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