According to Long-Cycle Theory

question 24

Multiple Choice

According to long-cycle theory,

• A) a great power rises to power every 80 to 100 years.
• B) a hegemon rises after a hegemonic war.
• C) the new hegemon dominates military power, trade, and determines rules for the world system.
• D) All of these are true.

---

Definitions:

Valuation Allowance

A reserve established against deferred tax assets that may not be realized, ensuring that the asset's carrying amount does not exceed its likely realization.

Balance Sheet

A document showing a summary of a corporation's assets, liabilities, and equity of its shareholders at a certain moment, offering a glimpse into its financial health.

Income Statement

A document detailing a corporation's income and outgoings within a particular timeframe, concluding with either a profit or a loss.

Asset Account

An account on a company's balance sheet that represents a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.