Which Theory of Global Stratification Argues That How a Country

question 139

Multiple Choice

Which theory of global stratification argues that how a country is incorporated into the global economy is the key feature determining how economic development takes place?

• A) the new international division of labour theory
• B) the world systems theory
• C) the modernization theory
• D) the dependency theory

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Definitions:

Market

Any structure that allows buyers and sellers to exchange any type of goods, services, and information.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount they receive in the market.

Equilibrium

The state in which market supply and demand balance each other, and as a result, prices become stable.

Market

A place or system where parties engage in exchange, buying and selling goods and services.