Tammy's Professor Has Told the Class That If Ethiopia Would

question 115

Multiple Choice

Tammy's professor has told the class that if Ethiopia would simply adopt a more Western style of thinking and behaving Ethiopia would cease to be a poor nation. What theory is Tammy's professor proposing?

• A) dependency theory
• B) world systems theory
• C) modernization theory
• D) new international division of labour theory

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Definitions:

Bonds Issued

Debt securities sold by corporations or governments to raise funds, to be repaid at a future date.

Capital Lease

A contractual arrangement that transfers substantially all the benefits and risks of ownership to the lessee so that the lease is in effect a purchase of the property.

Plant Assets

Long-term tangible assets used in the operation of a business, such as buildings, machinery, and equipment.

Loss On Redemption

A financial loss experienced when redeeming bonds or securities before their maturity date for a price higher than their face value.