Which Theory of Global Stratification Suggests That Low-Income Economies Can

question 109

Multiple Choice

Which theory of global stratification suggests that low-income economies can move to middle- and high-income economies by achieving self-sustained economic growth?

• A) dependency theory
• B) world systems theory
• C) modernization theory
• D) new international division of labour theory

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Definitions:

Quantity Demanded

The sum of a particular good or service that customers are ready and financially able to buy at a given price.

Productivity

The measure of the efficiency of production, often quantified as the ratio of outputs produced to inputs used in the production process.

Factor Labor

This refers to the human effort, both physical and mental, used in the production of goods and services.

Market Wage

The prevailing rate of pay for given types of work or specific occupations in a particular geographic or sectoral labor market.