The Modern World-System

question 74

Multiple Choice

The modern world-system

• A) does not include the world's poorer states.
• B) is characterized by interdependence.
• C) is characterized by five types of regions.
• D) has been dominated by the periphery since the early 1900s.
• E) does not really exist according to historian Immanuel Wallerstein.

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Definitions:

US Exporters

Companies or individuals located in the United States that sell goods or services to buyers in other countries.

Chinese Yuan

The official currency of the People's Republic of China, also known as Renminbi.

US Dollars

The official currency of the United States, widely used as a standard and reserve currency worldwide.

Financial Market Panic

refers to a sudden and widespread fear among investors, leading to rapid selling of securities and a sharp decline in market prices.