One Explanation for Why Some Countries Are Underdeveloped Is Offered

question 30

Multiple Choice

One explanation for why some countries are underdeveloped is offered by modernization theory, which claims that

• A)state involvement in the economy is the key to development.
• B)the major civilizations of the world will clash, bringing about global warfare.
• C)less developed countries are exploited because global capitalism makes them dependent on the rich countries that create exploitative rules for trade and production.
• D)wealth is created through efficient production, free enterprise, and free trade.
• E)modern economies are based on natural resources and favorable geographic position such as access to waterways.

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Definitions:

Commerce

The activity of buying and selling, especially on a large scale, encompassing legal, economic, political, social, cultural, and technological systems.

Private Property

A legal designation for the ownership of property by non-governmental legal entities or individuals, allowing for the use, enjoyment, and disposal of the property.

Bicameralism

The practice of dividing a legislative body into two separate chambers or houses, typically an upper and a lower house.

Legislative Chambers

Bodies within a legislative branch of government, such as the Senate and House of Representatives in the United States, responsible for making laws.