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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Strategies and actions taken by businesses to increase the total income generated from sales, services, or other business activities.

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A concept in economics where an increase in the price of a good leads to consumers replacing it with a cheaper alternative.

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The examination of how individuals, groups, or organizations choose, acquire, consume, and discard products, services, experiences, or ideas in order to fulfill their needs, and how these activities affect both the consumer and the broader community.