Dependency Theory Is Best Defined As

question 54

Multiple Choice

Dependency theory is best defined as:

• A) a term used to suggest that poor countries are poor as a result of their relationship to an unbalanced global economic system.
• B) a theory that predicts that former colonies would progress along the same lines as the industrialized nations.
• C) a strategy by which wealthy nations would spur global economic growth by alleviating poverty by investing in former colonies.
• D) a critique that argued that despite the end of colonialism, the underlying economic relations in the global economy had not changed.
• E) a continued pattern of unequal economic relations despite the formal end of colonial political and military control.

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Definitions:

Future Expenses

Anticipated costs or financial obligations a company expects to incur in the future.

Note Payable

A written promise to pay a specific sum of money at a future date, typically including interest payments.

Promissory Note

A financial instrument in which one party (the issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms.

Prepaid Expense

Payments made beforehand for products or services that will be provided later on.