Question

In political economy, class refers to:

	A.	A group with a certain living standard.
	B.	A group with a common racial or ethnic background.
	C.	A group with a particular range of incomes.
	D.	A group with a common position in the economy.

If the total product equals the necessary product, then:

	A.	There is no surplus product.
	B.	The producers will have nothing to eat.
	C.	There is no net product.
	D.	The capital goods and materials will not be replenished.

Which of the following does NOT refer to a part of the definition of class relationship?

	A.	Vertical or hierarchical relationship
	B.	Relationship to a labor process
	C.	Division between workers and consumers
	D.	Division between producers and controllers of the surplus product

An economic system in which a political elite claims the surplus product by taxing farmers and tenants is known as:

	A.	Independent production.
	B.	Central planning.
	C.	Feudalism.
	D.	Agrarian despotism.

Answer 1

1. The correct answer is option D. Class refers to a group with a common position in economy. In other words a group of people having common economic interests form a class.

2. The correct answer is option A. Total product consists the necessary product plus surplus product. So if the total product equals necessary product then there would be no surplus product.