Which of These Is Not a Criticism of World Systems

question 92

Multiple Choice

Which of these is not a criticism of world systems theory?

• A) Countries (like England) that were once the most powerful are no longer at the center of the world system.
• B) Core nations may be hurt by the world system through the loss of jobs.
• C) The world is no longer a set of economic interconnections between nations.
• D) Not everyone in a core nation benefits from the world system.

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Definitions:

Market Equilibrium

A situation in a market where the quantity of a product demanded by consumers equals the quantity supplied by producers.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or resource, typically set below the equilibrium price.

Shortage

A situation in which the demand for a product or service exceeds the supply available at a particular price.

Non-price Factors

Variables other than price that affect the demand and supply of goods and services, such as consumer preferences, income, and technology.