A Country That Has Achieved Hegemonic Status Within the World-System

question 43

Multiple Choice

A country that has achieved hegemonic status within the world-system is one that:

• A) has simultaneously come to dominate world production, commerce, and finance
• B) developed the world's largest army
• C) will be able to destroy the economies of most other countries
• D) has turned the capitalist world-system into a world-empire

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Definitions:

Exchange Rate

The price of one country's currency expressed in another country's currency; it determines how much one currency is worth in terms of another.

Doing Business Abroad

The activity of engaging in commerce or investment in foreign countries, often involving different regulations and environments.

Multinational Corporations (MNCs)

Companies that operate in multiple countries beyond their home country.

Operations

The day-to-day activities involved in running a business to produce goods or services.