11. Discuss ways in which the common meaning of each factor is different from its economic sense.

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a) Land
b) Labor
c) Capital

12. What is the problem of poverty, as defined by Henry George? Does poverty still accompany progress?

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13. What is the Malthusian theory, often advanced to explain the persistence of poverty?

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14. Does increase of population increase or decrease the power to produce wealth?

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15. Evaluate the following statements:

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a) Overpopulation causes poverty.
b) Poverty causes overpopulation.

16. In political economy, what is the distribution of wealth?

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17. What is "functional distribution"? What is the purpose of our three-factor conception of wealth distribution?

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18. What factors are always absolutely necessary for all production?

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19. What does Henry George mean by the "general law of wages"? Why is that a focal point in our study?

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20. Is labor paid according to its productivity, or according to its alternative? Is this true at all wage levels?

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