Which Is NOT True of Core Nations

question 19

Multiple Choice

Which is NOT true of core nations?

• A) They export their raw materials to other countries.
• B) They consist of the strongest and most powerful states.
• C) They have advanced systems of production.
• D) They have complex economies.
• E) They represent the dominant structural position in the world system.

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Definitions:

Rational Expectations School

A theory proposing that individuals and firms make decisions based on their rational outlook, available information, and past experiences.

Monetary Policy

Monetary policy is the macroeconomic policy laid down by the central bank involving management of money supply and interest rates to control inflation, consumption, growth, and liquidity.

Expansionary Policy

A macroeconomic strategy used by governments or central banks to stimulate the economy by increasing money supply or reducing taxes.

Fiscal Policy

Government strategies to influence economic conditions through spending and taxation decisions to manage economic growth, inflation, and unemployment.