The difference between the value of commodity produced by a labourer and the wages received, by him is known as

Related Mcqs:

1. According to Fabians the value of a commodity always depended on:

   A. Capital investment in production
   B. Land and capital needed in production
   C. Labour of the labourers put in it
   D. Extent to which society created its value

2. According to Marx value of the commodity would be fixed in accordance with:

   A. Capital in vested in it
   B. Machinery used for production
   C. The extent of its dependence on the foreign market
   D. The extent of its demand in the foreign market
   E. The socially useful labour put in it

3. Who said that in every age God the Almighty selects some one from among men and gives over to him the charge of the well-being of the world and the comfort and tranquility of the human race after duly furnishing him with the act of the Government:

   A. Al-Farabi
   B. Ibn-e-Khaldun
   C. Al-Ghazali
   D. Nizam-ul-Mulk Tusi

4. After being elected as the President of the first Constituent Assembly, Quaid-e-Azam appointed well-known constitutional exper(s) to prepare a daft incorporating with the laws of Islamic social justice. Name him/them?

   A. Justice M. Ismail
   B. Wasim
   C. M.B. Ahmad
   D. All of these

5. The Wages, Labour and Capital’ was written by: _________?

   A. Hegel
   B. Engles
   C. Stalin
   D. Karl Marx
   E. None of these

6. Equal wages for equal work for both the sexes is covered under:

   A. Political equality
   B. Religious equality
   C. Economic equality
   D. Natural equality
   E. National equality

7. Which of following thinkers built up theory of development around theory wages and rent?

   A. Marx
   B. Ricardo
   C. Adam Smith
   D. None of the above

8. According to Malthus high wages:

   A. Promote fast growth of population
   B. Retard fast growth of population
   C. Help maintaining status quo in population growth
   D. Discourage growth rate of population

9. According to Ricrdo rise of wages presupposes:

   A. Capital accumulation
   B. More population
   C. Centralisation of authority
   D. Higher rents

10. Who offered the agrument that the population grows whenever workers’ wages rise above subsistence level?

    A. Adam Smith
    B. Malthus
    C. Ricardo
    D. None of the above