1. What is the problem of poverty, as defined by Henry George? Does poverty still accompany progress?
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2. How can we tell that wages are not drawn from capital?
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3. Does capital employ labor, or labor employ capital? Explain.
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4. Why are people willing to exchange goods for the labor of workers in a long-term project that is not yet finished?
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5. What is the Malthusian theory, often advanced to explain the persistence of poverty?
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6. Does increase of population increase or decrease the power to produce wealth?
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7. Evaluate the following statements:
a) Overpopulation causes poverty.b) Poverty causes
overpopulation.
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8. Can the problem of poverty be explained by any deficiency in the capacity to produce wealth?
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9. Why do workers exchange their labor power for money wages?
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10. In political economy, what is the distribution of wealth? What is the purpose of our three-factor conception of production and distribution?
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11. Why is the term "profits" misleading in political economy?
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