According to Marxist Thinking, the Structure of the Global System

question 28

Multiple Choice

According to Marxist thinking, the structure of the global system is largely the byproduct of

• A) power balancing by states.
• B) international cooperation.
• C) international institutions.
• D) collective security.
• E) the expansion of certain economic forms into other areas of the world.

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Definitions:

Social Costs

Refers to the negative externalities that arise from economic activities, impacting society or the environment, not accounted for by the market.

Macroeconomics

Study of a nation’s overall economic issues, such as how an economy maintains and allocates resources and how a government’s policies affect the standards of living of its citizens.

Buyers' Incomes

The total earnings or revenue of purchasers, which directly impacts their purchasing power and demand for goods and services in the market.