Which of the Following Is NOT a Critique of Modernization

question 107

Multiple Choice

Which of the following is NOT a critique of modernization theory?

• A) It provides a Eurocentric analysis of low-income countries.
• B) It equates progress to Westernization.
• C) It assumes that industrial nations follow dissimilar paths to industrialization.
• D) It does not explain what causes each stage of industrialization.

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Definitions:

Classical Economic

refers to a school of thought in economics that emphasizes the importance of free markets, competition, and the self-regulating nature of economic systems, originating mainly from the ideas of Adam Smith.

Concentric

Having a common center, as in circles or spheres that are inside one another.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public.

Government Intervention

The involvement of government in the market with the aim to regulate, stabilize, or stimulate economic activity.