Advocates of Dependency Theory Assert That

question 18

Multiple Choice

Advocates of dependency theory assert that

• A) poor countries are hampered from participating in free trade because of a lack of transportation infrastructure.
• B) the high rate of poverty in poor countries is attributed to underdeveloped markets and the lack of property rights.
• C) trade based on comparative advantage benefits developed countries at the expense of poor countries.
• D) the key reason why poor nations have been slow to industrialize is because of persistent misallocation of resources.

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Definitions:

Full Employment

Describes a scenario in the economy where nearly all who are willing and able to work are employed, with unemployment being very low.

Social Security

A government program designed to provide financial support to individuals during retirement, disability, or upon the death of a primary wage earner.

Welfare State

A government system that provides social security and welfare services to its citizens, aiming to ensure a minimum standard of living.

FDR's Economic Bill Of Rights

A proposal made by President Franklin D. Roosevelt in 1944 to guarantee economic rights for all Americans, including employment, housing, and healthcare.