The theory that in equilibrium, workers’ wages will barely be adequate for biological needs is known as the:

Related MCQs

• According to Karl Marx, revolution would inevitably come from the oppressed workers, known as the:
• Adam Smith’s theory of economic growth relies upon a ________ to kick-start the process, and then _________ to continue it.
• The Marxist theory of dialectical materialism theoretically follows a sequence:
• The economic theorist who most vociferously opposed using “all else assumed constant” [ceteris paribus] assumptions when building theory was:
• Which of the following is the nucleus of the Keynesian theory of employment?
• Keynes theory of employment relates to:
• The Drain Theory is associated with the name of
• The ---- theory is associated with the name of Dadabai Naoroji.
• Alfred Marshall formalized and then popularized the analytical technique known as: