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The International System Is Currently a Unipolar One, with America

question 14

Essay

The international system is currently a unipolar one, with America as the sole superpower.Do you believe this system will endure? Explain the factors that could change this.Provide two alternatives to American dominance of the world system.


Definitions:

Competitive Price-Taker

A business that has no control over the market price and must accept the prevailing market price set by supply and demand forces.

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies with changes in quantity sold.

Market Price

The present cost at which a good or service may be purchased or sold on the market.

Marginal Cost

The expense involved in manufacturing an extra unit of a good or service.

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