According to the Labor Theory of Value

Multiple Choice

According to the labor theory of value,

A) the value of labor is determined by its value in production.
B) the value of a good is determined by the amount of labor with which each unit of Capital in an industry works.
C) the price of a good A compared to the price of good B bears the same relationship as The relative amounts of labor used in producing each good.
D) the values of two minerals such as coal and gold with similar production costs may be Very different.