True or False
B. Directions: Write T if the statement is true and write F if it is not. Write your
answer on a separate paper.

1.Marxism is a social, political,and economic philosophy named after Karl Marx.
2.Marxism posits the struggle between social classes, specifically between the bourgeoisie or capitalists,and the proletariat ,or workers.
3.Marxist thought has continued to have an important influence on critical thought,all the more so recently after the rise of globalization studies .
4.Karl Marx is surely the most influential contemporary Marxist thinker in the United States.
5.Louis Althusser provided a two-stage argument for the labor theory of value.
6.Marx claims that no previous theorist has been able adequately to explain how capitalism as a whole can make a profit.
7.Capitalism is distinctive.Jameson argues that it involves not merely the exchange of commodities,but the advancement of capital in the form of money.
8.Althusser's own solution relies on the idea of explanation of the worker.
9.The cost of the commodity is determined in the same way as the cost of every other such as terms of the amount of socially necessary labor power required to produce it.
10.Profit is the result of the labour performed by the worker beyond what is necessary to create the value of his/her wages.
11.Even if the labor theory of value is considered discredited, there is no element of this theory that remain of worth.
12.Jameson's refused to accept that capitalism involves a Harmony of interests between worker and capitalist.​