The Notion of the Modern World System Was Developed By

question 45

Multiple Choice

The notion of the modern world system was developed by:

• A) Karl Marx.
• B) Immanuel Wallerstein.
• C) Adam Smith.
• D) John Keynes.
• E) Henry Ford.

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Definitions:

Minimum Income

The least amount of earnings necessary for an individual or family to meet their basic needs for living.

Means-tested

A determination of whether an individual or family is eligible for government assistance based on their income and assets.

Redistribution Programs

Government policies designed to reduce economic inequality by redistributing income from wealthier segments of society to poorer ones.

Specified Level

A predetermined or defined intensity, quantity, or magnitude of a particular variable.