What Theory Explains Japan's Recovery from WWII as a Result

question 70

Multiple Choice

What theory explains Japan's recovery from WWII as a result of the nation adopting a consensus goal for national recovery?

• A) the Cultural Causation theory
• B) the Power Shift theory
• C) the Third Way theory
• D) the Hybridity theory
• E) the Cultural Capital theory

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Definitions:

Capital

Assets used for the production of goods and services, including machinery, buildings, and equipment.

Economics

The social science that studies how individuals, governments, firms, and nations make choices on allocating scarce resources to satisfy their unlimited wants.

Profit

The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining the activity.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts and/or the physical factors of production including machinery and buildings.