According to Modernization Theorists,why Are Developing Countries Economically Disadvantaged

question 32

Multiple Choice

According to modernization theorists,why are developing countries economically disadvantaged?

• A) Restrictions on economic development exist.
• B) They have not yet adopted Western values.
• C) Liberalism has thwarted economic development.
• D) There is not enough local governance.

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Definitions:

Cash Payment

The process of settling a debt or completing a purchase with the exchange of physical money or through electronic funds.

Interest

The cost of borrowing money or the earnings from lending money, typically expressed as a percentage of the principal.