According to World Systems Theory, Poverty Is the Result Of

question 136

Multiple Choice

According to world systems theory, poverty is the result of:

• A) adherence to traditional values and customs.
• B) dependence on wealthy nations.
• C) core nations extracting labor and resources from peripheral nations.
• D) racial inequality.

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Definitions:

Consolidation

The process of combining multiple debts, loans, or businesses into a single new loan or corporate entity.

Legal Existence

A term indicating that an entity is recognized under the law as having legal rights and obligations.

Hostile Tender Offer

An attempt to acquire a company against the wishes of its management and board by directly offering to buy the shares from the shareholders.

Cash

Cash is a medium of exchange in the form of physical currency, such as coins and banknotes.