Question 1

Discuss what constitutes exploitation and how exploitation occurs in various economic systems over time, including in contemporary capitalism.
-Why does exploitation necessarily occur in a capitalist economy? What happens to the employer if there is no surplus labor? To the employee?

Accepted Answer

The answer of Discuss what constitutes exploitation and how exploitation...

Question 2

Discuss what constitutes exploitation and how exploitation occurs in various economic systems over time, including in contemporary capitalism.
-Does exploitation depend on the absolute value of your wage or salary? Why or why not?

Accepted Answer

The answer of Discuss what constitutes exploitation and how exploitation...

Question 3

Define and use measures of exploitation.
-If you were an employer, would you want a high or low rate of exploitation? Explain.

Accepted Answer

The answer of Define and use measures of exploitation.
-If you...

Question 4

According to the text, there are about 3 hours of surplus labor a day and 5 hours of necessary labor. What is the rate of exploitation according to this data?

Accepted Answer

A)  3.0 
B)  1.6 
C)  1.0 
D)  0.6

Question 5

List and discuss the sources of conflict between employers and employees and the rate of exploitation.
-If an employee's compensation rises, what happens to necessary labor? Profits for the employer?

Accepted Answer

The answer of List and discuss the sources of conflict...

Question 6

Define and describe surplus labor.
-Explain how surplus labor relates to profits for the employer.

Accepted Answer

The answer of Define and describe surplus labor.
-Explain how surplus...

Question 7

Define and describe surplus labor.
-What is surplus labor? Give an example.

Accepted Answer

The answer of Define and describe surplus labor.
-What is surplus...

Question 8

Progressive economists define the rate of exploitation as

Accepted Answer

A)  the wage rate. 
B)  the profit rate. 
C)  the difference between profits and wages. 
D)  the ratio of profit to wages.

Question 9

Discuss what constitutes exploitation and how exploitation occurs in various economic systems over time, including in contemporary capitalism.
-What put a limit on the rate of exploitation in a slave economy?

Accepted Answer

The answer of Discuss what constitutes exploitation and how exploitation...

Question 10

Whats defention of terms:
-exploitation

Accepted Answer

The answer of Whats defention of terms:
-exploitation...

Question 11

Whats defention of terms:
-necessary labor

Accepted Answer

The answer of Whats defention of terms:
-necessary labor...

Question 12

Give a brief overview of the history of labor conflicts.
-What factors would give employees power as they bargain with employers over compensation, hours, and effort? Explain.

Accepted Answer

The answer of Give a brief overview of the history...

Question 13

Suppose Paul works as a programmer at a salary of $300 per day. During that time he produces programs that are sold for $600.

Accepted Answer

A)  Profits are $600 per day. 
B)  Profits are $300 per day. 
C)  Profits are $1800 per day. 
D)  Profits are $900 per day.

Question 14

Define and use measures of exploitation.
-What does a rate of exploitation mean?

Accepted Answer

The answer of Define and use measures of exploitation.
-What does...

Question 15

Alfred earns $6 per hour and works an 8 hour day. He produces a product during that time that sells for $96. What is the rate of exploitation?

Accepted Answer

A)  0.4 
B)  0.8 
C)  1.0 
D)  1.8

Question 16

Define and use measures of exploitation.
-Assume an employee works five hours producing an amount of product equal in value to her wage and then spends another three hours producing an amount of product over and above the value of her salary. What is the number of hours of necessary labor? Surplus labor? What is the rate of exploitation? Explain in words what the numbers mean.

Accepted Answer

The answer of Define and use measures of exploitation.
-Assume an...

Question 17

List and discuss the sources of conflict between employers and employees and the rate of exploitation.
-Even if employee compensation rises and the number of hours of work remains unchanged, why might an employer still make the same amount of profit or even increase profits?

Accepted Answer

The answer of List and discuss the sources of conflict...

Question 18

Whats defention of terms:
-intensity of labor

Accepted Answer

The answer of Whats defention of terms:
-intensity of labor...

Exam 19: Inequality, Exploitation, and Economic Institutions

Discuss what constitutes exploitation and how exploitation occurs in various economic systems over time, including in contemporary capitalism. -Why does exploitation necessarily occur in a capitalist economy? What happens to the employer if there is no surplus labor? To the employee?

Discuss what constitutes exploitation and how exploitation occurs in various economic systems over time, including in contemporary capitalism. -Does exploitation depend on the absolute value of your wage or salary? Why or why not?

Define and use measures of exploitation. -If you were an employer, would you want a high or low rate of exploitation? Explain.

According to the text, there are about 3 hours of surplus labor a day and 5 hours of necessary labor. What is the rate of exploitation according to this data?

List and discuss the sources of conflict between employers and employees and the rate of exploitation. -If an employee's compensation rises, what happens to necessary labor? Profits for the employer?

Define and describe surplus labor. -Explain how surplus labor relates to profits for the employer.

Define and describe surplus labor. -What is surplus labor? Give an example.

Progressive economists define the rate of exploitation as

Discuss what constitutes exploitation and how exploitation occurs in various economic systems over time, including in contemporary capitalism. -What put a limit on the rate of exploitation in a slave economy?

Whats defention of terms: -exploitation

Whats defention of terms: -necessary labor

Give a brief overview of the history of labor conflicts. -What factors would give employees power as they bargain with employers over compensation, hours, and effort? Explain.

Suppose Paul works as a programmer at a salary of $300 per day. During that time he produces programs that are sold for $600.

Define and use measures of exploitation. -What does a rate of exploitation mean?

Alfred earns $6 per hour and works an 8 hour day. He produces a product during that time that sells for $96. What is the rate of exploitation?

List and discuss the sources of conflict between employers and employees and the rate of exploitation. -Even if employee compensation rises and the number of hours of work remains unchanged, why might an employer still make the same amount of profit or even increase profits?

Whats defention of terms: -intensity of labor