Political Economy Question

Instructions:

• If a question has two parts, each should be discussed in equivalent depth.
• If a question has two parts, each should be discussed in equivalent depth.
• Use the serial numbers given below when you write
• For 150-word responses:
# Stick to the core argument
# 2 paragraphs: 3-4 sentences each
• For 250-word responses:
# 1-2 sentence introduction + conclusion
# 3 short paragraphs; each conveys distinct arguments
# For some answers, it helps to illustrate the argument using
historical or contemporary real-world examples

Citation:

You can only use published academic and journalistic materials.
Textbooks
Academic journal articles
Newspaper reports
Academic Honesty

• Aim is to initiate you into practices of academic writing
• Rule of thumb: If you are saying something that you learned from
someone else, you have to acknowledge it.
• direct quote: quotation marks are required if 5 or more words
replicated
• paraphrasing text: less than 5 words replicated
• conveying an argument in your own words
• Citation style: APA
• https://www.mendeley.com/guides/apa-citation-guide/

Section I
Do you agree or disagree with the following statements? Explain why for each
statement in one-two sentences; 150 words total. The more precise your
explanation, the higher the points you will be awarded. (2 points × 5 = 10 points)
A. Wages in Capitalism are fixed at the subsistence level
B. Capitalism is equivalent to commodity production
C. Machines transfer a part of their value into the finished product
D. Capitalist profits emerge in the sphere of exchange
E. In Capitalism, it is not possible for workers’ wages and capitalists’ profits to rise at the
same time

Section II
Answer any one of the following in 150 words (10 points):
1. According to the Labor Theory of Value, what is the source of surplus-value in
Capitalism? Explain in relation to the working day.
2. What is the Reserve Army of Labor? What is its role in the determination of the value
of labor power?
Section 3
Answer any one of the following in 250 words (15 points):
3. What are the two primary means to increase surplus value? Explain each with a
hypothetical numerical example; show how each would impact the rate of surplus-value.
4. Describe the ways in which gendered divisions of labor contribute to capitalist
accumulation.

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