Which of the Following Statements Would a Structuralist Probably Agree

question 28

Multiple Choice

Which of the following statements would a structuralist probably agree with?

• A) In its singular pursuit of industrialization, the Chinese Communist Party has disregarded the health and safety of its own people.
• B) Farmers are much better off in India today than 20 years ago.
• C) Inequality between rural and urban dwellers in Brazil is falling.
• D) Democracy in India and Brazil gives their governments more legitimacy than in China and Russia.

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Definitions:

Backward Bending

A curve, often related to the labor supply, indicating that beyond a certain wage level, as wages increase, individuals may choose to work fewer hours, prioritizing leisure over additional income.

Income Effect

The change in an individual's or economy's income and how that change will impact the quantity demanded of a good or service.

Substitution Effect

The change in consumption patterns due to a change in relative prices, leading consumers to substitute one product for another more affordable one.

Competitive Firm

A competitive firm is a business that operates in a market where there are many sellers and buyers, the product offered is similar, and the firm can only be a price taker, not a price maker.