World-Systems Theory Argues That the World System Changes Very Slowly

question 37

Multiple Choice

World-systems theory argues that the world system changes very slowly and that through a long series of changes, the United States is now at the top of the chain. Since this too must change, what are world-systems theorists suggesting as the next stage?

• A) the collapse of the world economy
• B) the expansion of capitalism into the world's poorest regions
• C) the rise of China as the world's economic superpower
• D) a sharing of economic power among many different nations

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Definitions:

Regional Trading

The exchange of goods and services within a specific geographic area, promoting economic cooperation among neighboring countries.

Trading Bloc Agreements

These are agreements between groups of countries, often geographically proximate, to promote trade among themselves by reducing trade barriers like tariffs and import quotas.

Trade Restrictions

Measures implemented by governments to control the import and export of goods and services, often to protect domestic industries and jobs.

Export Subsidy

A government policy to encourage export of goods and services through direct payments, tax relief, or other financial incentives.