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John Locke, Experts, please explain.
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justharsha
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The answer is C
E is not true because, the author only states what John Locke (17th century philosopher) said. There is no indication that his(or his heirs') philosophy is followed in modern day economy and hence there is no Q of over estimation.
E is not true because, the author only states what John Locke (17th century philosopher) said. There is no indication that his(or his heirs') philosophy is followed in modern day economy and hence there is no Q of over estimation.
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jaspreetsra
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akash singhal
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The answer is C
A,B,D,E can easily be eliminated
C can be seen as quoted directly from the passage
A,B,D,E can easily be eliminated
C can be seen as quoted directly from the passage
Moreover I would add that answer E is not correct because of the fact that receiving more doesn't depend by Locke's labor theory, the passage doesn't indicate that has an influence on modern economytpr-becky wrote:one-third of the total output of
(30) consumer goods is attribut-
able to the use of capital
goods. Approximately two-
thirds of the income derived
from this total output is paid
(35) out to workers as wages and
salaries, the remaining third
serving as compensation
to the owners of the capital
goods. Moreover, part
(40) of this remaining third is
received by workers who
are shareholders, pension
beneficiaries, and the like.
This is hte passage the answer comes from and it basically says that Capital is responsible for 1/3 of the output and in return they gain 1/3 of the profit but have to pay some of that to workers who are shareholders etc..
C. This is true becuase they recieve a chaser and that share is 1/3 minus the part they pay out so it is no greater than the 1/3 you can attribute the output to.
d. We aren't sure about htis becuase it says fully compensated for their investment and we don't have enough info to knwo what that would be and it says they pay out MOST of their share to workers but the passage only says a part.
e. This may be true becuase they get their 2/3 plus extra if they are shareholders but the reason given for it goes beyond the passage.
Therefore, I believe C is the answer.
