Which of the Following Best Describes Modernization Under Imperialism in Most

question 29

Multiple Choice

Which of the following best describes modernization under imperialism in most colonial states?

• A) incomplete transition between Western and traditional institutions
• B) complete destruction of local institutions with no new ones to take their place
• C) largely a successful implementation of governmental structures that mirrored the colonial power's government
• D) complete transformation to modern social institutions but with economic modernization lagging behind

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Definitions:

Equation of Exchange

An economic equation that relates the quantity of money, its velocity, and the price level of goods and services to the nominal value of transactions.

Inflation Rate

The uptick in percentage of goods and services' prices in an economy throughout a certain duration.

Annual Income

The total amount of income earned over a year from all sources including wages, salaries, bonuses, dividends, and interest.

Nominal Interest Rate

The rate of interest charged on a loan without taking the inflation rate into account.