Wallerstein Asserted That the Core Wealthy Nations of the World

question 53

Multiple Choice

Wallerstein asserted that the core wealthy nations of the world rely on a peripheral group of poorer countries in order to remain wealthy, but that some states

• A) don't mind that they are being exploited.
• B) act as both core and periphery in a world system economy.
• C) think that modernization is ethnocentric and have no part of it.
• D) realize they are without power to become one of the core wealthy nations.

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Definitions:

Direct Materials

Raw materials that can be directly attributed to the production of goods or services.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, deterioration, or obsolescence.

Prime Costs

The direct costs of a product, which include the costs of direct materials and direct labor involved in its production.

Tires

Rubber-based, circular components designed to cover the wheels of vehicles, providing traction and absorbing shock.