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One major result of Karl Marx's economic theories was:A.the growth of demand for consumer products.B.the decline in support for Keynesian economies.C.the rise of more command economies.D.the spread of free market principles.

Question

One major result of Karl Marx's economic theories was:A.the growth of demand for consumer products.B.the decline in support for Keynesian economies.C.the rise of more command economies.D.the spread of free market principles.

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Solution

The major result of Karl Marx's economic theories was C. the rise of more command economies. Marx's theories were the foundation for the establishment of economies where the government or central authority makes all decisions regarding the production and distribution of goods and services, which is characteristic of command economies.

Similar Questions

Which statement best summarizes the economic theories of Karl Marx?A.Economies are most efficient when businesses can act freely.B.Free market economies give the wealthy too much economic power.C.International trade is a dangerous destabilizing factor for an economy.D.Command economies will fail due to low levels of productivity.

Which development would most reflect Karl Marx's belief in the economic system that he predicted would replace free markets?A.Companies begin to sell their products in overseas markets.B.Governments eliminate all taxes on wealthy corporations.C.Workers share all the profits generated from a factory.D.Businesses refuse to hire workers who demand high wages.

One of Karl Marx's major criticisms of market economies was that:A.citizens were forced to share their wealth with others.B.it was unfair to use taxes to take money from workers.C.businesses held too much power over workers.D.governments put too many regulations on business.

Many countries responded to John Maynard Keynes's economic theories by:A.creating programs to protect citizens from economic difficulties.B.giving the government total control over the prices and production of goods.C.reducing tax rates in an effort to get businesses to hire more workers.D.cutting themselves off entirely from foreign trade and investment.

According to Karl Marx and Friedrich Engels in the Communist Manifesto, which of these is a consequence of capitalism?Group of answer choicesConcentration of capital in class of property ownersImperialism and warUnemployment and impoverishmentAll of the above.

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