The Dependency School of Thought Holds That

question 37

Multiple Choice

The dependency school of thought holds that

• A) businesses become too dependent upon public subsidies.
• B) underdeveloped countries become dependent upon foreign aid.
• C) the lower class is dependent upon the upper class and therefore votes as instructed.
• D) underdeveloped countries find it difficult to achieve growth in a global system dominated by wealthy countries.
• E) wealthy countries are dependent upon underdeveloped ones for cheap labor and resources.

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Definitions:

Security Agreement

A legal contract in which a borrower pledges an asset as collateral for a loan, securing the interest of the lender.

Security Interest

A security interest is a legal claim or lien on collateral, granted to a lender or creditor to secure repayment of a debt or loan.

Perfected

In legal terms, it refers to the completion of all required steps to enforce a security interest or lien against third parties, particularly after default.

Priority

The established order of importance or urgency given to claims, debts, rights, or actions in legal, financial, or other operational contexts.