What Insight Does World System Theory Add to Dependency Theory

question 18

Multiple Choice

What insight does World System theory add to Dependency theory?

• A)The world economy functions as an integrated economic unit.
• B)The world system helps to make countries less dependent.
• C)The world system only works because of economic co-operation.
• D)Dependency theory ignores power relationships.
• E)Dependency theory concentrates only on relationships to the former colonial power.

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Definitions:

Advertising Budget

The amount of money allocated for promoting a product, service, or brand within a specific time frame.

Monthly Sales

The cumulative income derived from selling activities over a given month.

Margin Of Safety

A financial ratio that measures the difference between actual sales and the break-even point, indicating the cushion a company has before incurring a loss.

Break-Even Sales

The point at which total revenues equal total costs, resulting in zero profit.