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Chapter 29: Problem 15

Karl Marx was a (an) a. nineteenth-century German philosopher. b. eighteenth-century Russian economist. c. fourteenth-century Polish banker. d. nineteenth-century Russian journalist.

Short Answer

Expert verified
a. nineteenth-century German philosopher.

Step by step solution

01

Recall information about Karl Marx

Start by recalling what you know about Karl Marx. He is a well-known figure in history for his contributions to philosophy, economics, and the development of the socialist and communist ideas.
02

Identify the correct century

When studying Karl Marx, it's crucial to remember that he belongs to the 19th century. This eliminates options b. and c., which are eighteenth-century Russian economist and fourteenth-century Polish banker, respectively.
03

Identify the correct nationality

Now, with two options remaining, it's crucial to recall that Karl Marx was German, not Russian. This allows us to rule out option d., which says that he was a nineteenth-century Russian journalist.
04

Select the correct answer

With all the information given and by process of elimination, we can confidently select the correct answer, which is: a. nineteenth-century German philosopher.

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Most popular questions from this chapter

The economic system in which private individuals own the factors of production is a. a planned economy. b. capitalism. c. collectivism. d. socialism.

In Adam Smith's competitive market economy, the question of what goods to produce is determined by the a. "invisible hand" of the price system. b. "invisible hand" of government. c. "visible hand" of public interest. d. "visible hand" of laws and regulations.

In Marx's ideal communist society, the state a. actively promotes income equality. b. follows the doctrine of laissez faire. c. owns resources and conducts planning. d. does not exist.

According to Karl Marx, under capitalism, a. profits would be shared fairly. b. incomes would be distributed equally. c. workers would be exploited and revolt against owners of capital. d. workers would actually own the factors of production.

Adam Smith stated that the role of government in society should be to a. provide defense. b. enforce contracts. c. do absolutely nothing. d. do both (a) and (b).
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