MATCHING -Dependent Development

question 68

Multiple Choice

MATCHING
-Dependent development

• A)The process whereby Western nations established their rule in parts of the world away from their home territories
• B)The economic belief that free-market forces, achieved by minimizing government restrictions on business, provide the only route to economic growth
• C)The world economy is made up of core, semiperiphery, and periphery countries
• D)Marxist theory of economic development
• E)Worldwide networks of labor and production processes yielding a finished product
• F)Argues that low-income societies can develop economically only if they adopt modern economic institutions, technologies, and cultural values
• G)Under certain circumstances, poor countries can still develop economically, although only in ways shaped by their reliance on wealthier countries

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Definitions:

Substantive Unconscionability

Unconscionability that derives from contract terms that are so one-sided, unjust, or overly harsh that the contract should not be enforced.

Unconscionable

Describes terms or agreements that are so unfair to one party that no reasonable or informed person would agree to them.

Life Insurance

A contract between an insurer and a policyholder that pays a designated beneficiary a sum of money upon the death of the insured person.

Necessary

Something essential or required in a particular situation, often used to describe conditions or actions needed to achieve a specific result.