While Modernization Theory Focuses on _____,Dependency Theory Focuses on _____

question 57

Multiple Choice

While modernization theory focuses on _____,dependency theory focuses on _____.

• A)poor nations; rich nations
• B)the future; the past
• C)production of wealth; distribution of wealth
• D)culture; economics

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Definitions:

Base Year

A specific year against which economic or financial data is compared to assess changes or growth over time.

Current Year

The ongoing or present calendar year.

WARP

The Weak Axiom of Revealed Preference (WARP) is a criterion used to check for consistency in consumer choice behavior under the assumption of rationality.

Bundle

A set of goods or services sold together as a single package.