In Recent Times, Scholars Have Been Trying to Sort Out

question 13

Multiple Choice

In recent times, scholars have been trying to sort out why the countries on the continent of Africa, as a whole, have trouble competing to today's global, capitalist economy.While an answer to this question is complex and carries with it many ambiguities, most scholars point to European colonialism as a key to understanding the current state of Africa.A sociologist studying this topic, would ascribe to which theoretical paradigm?

• A)Structural functionalism
• B)Symbolic interactionism
• C)Conflict theory
• D)Feminist theory

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Definitions:

Competitive Price-Searcher

A type of market structure where firms set their prices based on the competition and search for the best price to maximize their profits.

Long-Run Economic Profits

Profits that persist over time after all costs, including opportunity costs, are taken into account, indicating a competitive advantage.

Industry Equilibrium

A state where industry supply equals demand, leading to stability in prices and quantities produced and consumed.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, indicating a firm's surplus beyond the normal profit level.