Wallerstein Pointed to Several Factors That Cause Dependency Among Low-Income

question 47

Multiple Choice

Wallerstein pointed to several factors that cause dependency among low-income nations.Which of the following is a factor that Wallerstein did NOT claim to be a cause of dependency?

• A)narrow,export-oriented economies
• B)lack of integration into the world economy
• C)lack of industrial capacity
• D)foreign debt

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Definitions:

Returns To Scale

An economic concept describing how the increase in inputs affects the level of output of a production process.

Production Function

A mathematical equation that describes the relationship between inputs and the maximum output that can be produced with those inputs.

Inputs

Resources used in the production process, such as labor, capital, materials, and energy.

Production Isoquant

A production isoquant is a curve that represents all combinations of inputs that yield the same level of output, used in production theory to analyze efficient production.