Dependency Theory Differs from Modernization Theory by

question 54

Multiple Choice

Dependency theory differs from modernization theory by

• A) supporting capitalism as a path to development.
• B) making poor nations responsible for their own fate.
• C) claiming that economic development is not a desirable goal.
• D) explaining global inequality in terms of the exploitation of poor countries by rich countries.

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Definitions:

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.

Insurance Coverage

A contractual agreement in which one party receives financial protection or reimbursement against losses from an insurance company.

Insured Person

An individual or entity covered under an insurance policy and eligible to receive benefits in case of a specific loss.

Nonpayment

The failure to fulfil a financial obligation, such as not making a required payment to a lender or vendor by the due date.