Wallerstein's Views Expressed in World Systems Theory Hold That the Global

question 5

Multiple Choice

Wallerstein's views expressed in world systems theory hold that the global integrating force has been

• A)capitalism.
• B)the rise of the U.N.
• C)socialism.
• D)colonial independence movements.

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Definitions:

Capital/Labor Intensity

A measure of the ratio of capital to labor in the production process, indicating whether an economy or sector relies more on capital investment or labor.

Corporate Profits Tax

A tax imposed by governments on the income earned by companies and corporations.

Labor Supply

The total amount of hours employees are ready and capable of working for a specified rate of pay.

Payroll Tax

A tax imposed on employers or employees, and is typically calculated as a percentage of the salaries that employers pay their staff.