World-Systems Theory Divides the World into Two Parts: the ______

question 86

Multiple Choice

World-systems theory divides the world into two parts: the ______ and the ______.

• A)Global North; Global South
• B)colonizers; colonized
• C)core; periphery
• D)capitalist; noncapitalist

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Definitions:

Diseconomies of Scale

The phenomenon where production costs per unit increase as the volume of output increases.

Constant Returns to Scale

A situation in economics where increasing the inputs in production proportionately increases the output.

Constant Returns to Scale

The situation where an increase in all inputs by a certain factor leads to an increase in output by the same factor, showing linear scalability in production.

Diseconomies of Scale

The phenomenon where production costs per unit increase as a firm's output expands, often due to inefficiencies that arise from becoming too large.