What Was the Central Premise of Raúl Prebisch's Dependency Theory

question 46

Multiple Choice

What was the central premise of Raúl Prebisch's dependency theory?

• A) That many countries remained borrowers of capital and technology and producers of primary commodities
• B) That many countries were dependent on the military power of the United States
• C) That newly independent countries were dependent on great leadership
• D) That many nations depended on the generosity of the international community

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Definitions:

T Account

A T Account is a visual representation of a ledger account, typically used in accounting to track the debit and credit balances of an account.

Common Stock

Represents ownership shares in a corporation, giving holders voting rights and a residual claim on the company's assets and earnings.

Stockholders

Individuals or entities that own one or more shares of stock in a corporation, thus holding a portion of the company's equity.

Journal Entry

A record in the accounting books that notes all the financial transactions of a business.