Option A: Commodity Fetishism Option B: Division of labor

Option A: “All that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober sense, his real conditions of life, and his relations with his kind.” Option B: “Labour is, therefore, a commodity which its possessor, the wage-worker, sells to capital. Why does he sell it? In order to live.”

Part I: Quotation Identification (30 points total) Each of the following questions lists two quotations from your readings. For each question, choose one quotation and identify the theorist (or theorists) who wrote it (2 points), and explain in about 2–3 sentences in your own words what the author is trying to say (3 points). Please note that, if you respond to more than one quotation in a question, only the first response will be graded. Allow about 30 minutes for this part of your exam.

Some viruses are capable of shutting down host cell MHC I expression. Which of the following has the mammalian host developed to counter this immune evasion mechanism? (Select ALL that Apply)

Option A: “In contrast to classes, status groups are normally groups. They are, however, often of an amorphous kind. In contrast to the purely economically determined ‘class situation,’ we wish to designate as status situation every typical component of the life of men that is determined by a specific, positive or negative, social estimation of honor.”   Option B: “…in the United States, the pursuit of wealth, stripped of its religious and ethical meaning, tends to become associated with purely mundane passions, which often actually give it the character of sport.”

Part II: Key Concepts (60 points total) Each of the following questions lists two key concepts from your readings. For each question, choose one concept and define it in your own words, identify the social theory or theorist to which it applies, and provide an example (10 points total). Your answers should be 4–5 sentences in length. Please note that, if you respond to more than one concept in a question, only the first response will be graded. Allow about 60 minutes for this part of your exam.

If the real interest rate is -2% and expected inflation is -0.4%, the nominal interest rate is:

According to law of one price, what must be the exchange rate between peso and dollar if a cup of espresso cost 2,000 pesos in Buenos Aires and $4 in St. Louis?

Suppose that your marginal federal income tax rate is 25%, and the yield on ten-year U.S. Treasury bonds is 4% and the yield on ten-year municipal bond 3.2%. What is the tax-adjusted risk premium on municipal bond?

A patient needs 250 mL of an antibiotic to be infused over 2 hours. The IV tubing has a drop factor of 20 gtt/mL. What is the flow rate in gtt/min?