Political and Economic Theory Quiz

What is the definition of surplus-value?

• The difference between the amount raised through a sale of a product and the amount it cost to manufacture it

• The value of a product after it has been used by the consumer

• The amount of money left over after all expenses have been paid

• The total amount of profit made by a company in a year

What is the main difference between socialism and capitalism?

• Socialism advocates for a free market economy, while capitalism advocates for a regulated economy

• Socialism advocates for private ownership of trade and industry, while capitalism advocates for community ownership

• Socialism advocates for community ownership of the means of production, while capitalism advocates for private ownership

• Socialism advocates for a classless society, while capitalism advocates for a society with distinct social classes

What is the general intellect?

• The intellectual capacity of a society as a whole

• The collective knowledge of a specific industry

• A combination of technological expertise and social intellect

• The ability to adapt to changing social norms

What is the definition of alienation?

• When humans feel disconnected or estranged from some part of their nature or from society

• The act of isolating oneself from social interactions

• The process of adapting to a new cultural environment

• The feeling of being overwhelmed by societal expectations

What is the main characteristic of commodities?

• They are exclusively traded on the stock market

• They are raw materials used to create consumer products

• They are luxury items that are not essential for daily life

• They are only used in industrial production and not for consumer goods

What is the definition of dialectic?

• A form of reasoning based upon dialogue of arguments and counter-arguments

• A method of decision-making based on intuition and gut feeling

• A technique for avoiding conflicts in discussions

• A process of reaching conclusions through trial and error