Which of the Following Theoretical Approaches Argues That Unequal Exchange

question 123

Multiple Choice

Which of the following theoretical approaches argues that unequal exchange is an obstacle to development in poorer countries?

• A)stunted-economy theory
• B)globalization theory
• C) dependency theory
• D) modernization theory

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Definitions:

Raw Materials

The basic materials that are processed or used to manufacture goods.

Cash Disbursements

Outflows of cash for expenses, acquisitions, and other payments made by a business during a specific period.

November

The eleventh month of the year in the Gregorian calendar.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company; includes the cost of materials and labor directly used to create the product.