The following statements are, given certain assumptions, either true, false, or partly true and partly false. State which is the case and give your reasons. It is the accuracy of your reasons that principally determines your grade.

4. (5 points) According to Marx, the observation that - despite being physically disparate objects - coats and linen are brought by the market into a definite exchange relation with each other (the long run relative price of a coat being, for instance, 20 yards of linen) reflects the fact that coats and linen possess a common underlying substance. That common substance is the capacity to satisfy human wants - use value or utility.