Which Theory Argues That It Is Cultural and Social Differences

question 58

Multiple Choice

Which theory argues that it is cultural and social differences that have caused the economic disparity in the world today?

• A) modern systems theory
• B) modernization theory
• C) world systems theory
• D) world economic theory
• E) globalization theory

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Definitions:

Quantity Demanded

The overall volume of a good or service that individuals are prepared and capable of buying at a given price.

Demand Decreased

A situation where the desire or need for a particular product or service declines.

Demand Increased

A situation where the desire to purchase goods and services at a given price level rises, leading to higher quantity demanded.

Wage Rate

The standardized amount of pay that a worker receives for performing a certain job or task, typically expressed per hour or unit of work.