What Is the Meaning of Following Term

question 19

Multiple Choice

What is the meaning of following term:
-Dependency theory

• A) Aim to dramatically reduce poverty, hunger, and infant mortality and to secure greater equality for women.
• B) South Africa's practice of rigid social segregation based on skin color.
• C) Organizations that are NOT part of a government.
• D) People who worship animals, stones, plants, and other objects.
• E) The South's reliance on exports of primary commodities puts it at an economic disadvantage.
• F) Used as a measurement of poverty because it is closely connected.
• G) A rigid hierarchical system of social classes in Hinduism.
• H) Dramatic growth in food supplies due to agricultural advancements.
• I) A situation in which food supplies are suddenly reduced, causing a large number of deaths.
• J) Economic aid that can help diminish poverty and enhance the quality of life in a country.
• K) Debt forgiveness and restructuring and rescheduling debt.
• L) More people than available resources.
• M) Free trade, open markets, and competition in the world economy.
• N) Invest in developing economies.
• O) An indicator of poverty that causes impaired vision, shorter life expectancies, and increased vulnerability to disease.

---

Definitions:

Homogeneous Product

A product that is considered the same across different producers, making it indistinguishable in the eyes of the consumer.

Differentiated Product

A product that is distinct from its competitors by virtue of unique features, benefits, or quality.

Large Relative

Describing an entity or value that is significantly larger in comparison to others within a given context.

Market Power

An imperfectly competitive firm’s ability to raise price without losing all of the quantity demanded for its product.