The Soft Dependency Theorists

question 48

Multiple Choice

The soft dependency theorists:

• A) have lost their battle against the hard dependency theorists
• B) argue that under some conditions substantial economic development can occur even in economically dependent countries
• C) have abandoned dependency theory and gone back to modernization theory

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Definitions:

Price Ceiling

A legally established maximum price sellers can charge for a good or resource.

Demand Conditions

Demand conditions refer to the various factors that affect consumer desire for products or services, including price, income levels, and preferences.

Supply Conditions

Factors that affect a producer's ability and willingness to offer goods or services for sale, including costs, technology, and regulatory environment.