Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Sociology Sociological Theory classical Thinkers
Which of the following is true in regard to the exchange value of commodities according to Marx?
1. Commodities have exchange value because they are produced by specific types of labour.
2. Exchange value is determined by the total amount of individual labour spent on the production.
3. Exchange value is determined by the average labour time necessary for its production.
4. Both wheat and linen can have the same exchange value despite being products of different types of labour.
1
1 and 2
2
2 and 3
3
3 and 4
4
1, 3, and 4