One of the Major Weaknesses of Early Modernization Theory Was

question 38

Multiple Choice

One of the major weaknesses of early modernization theory was that

• A) it underestimated the role of religion within developing nations.
• B) it focused excessively on the political aspects of underdevelopment.
• C) it was too optimistic about the ability of developing countries to modernize.
• D) it underestimated the importance of economic underdevelopment.
• E) it had no way of measuring different aspects of development.

---

Definitions:

Price Elasticity

A measure showing the correlation between the price of a good and the demand for it.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a specified period of time.

Season Tickets

Tickets sold for a series of events or entrances, typically for sports events or performances, offering a price advantage over purchasing individual tickets.

Linear Downward-sloping Demand Curve

A graphical representation showing the inverse relationship between the price of a good and the quantity demanded, depicted as a straight line sloping downward from left to right.