The Process of Social and Cultural Transformation from a "Third World" Or

question 4

Multiple Choice

The process of social and cultural transformation from a "third world" or a nonindustrialized society to a developed industrial society is called:

• A)matrilocal
• B)matriarchy
• C)modernization
• D)ascribed status
• E)roles

---

Definitions:

Savings Exceeds Investment

Describes a situation in which the amount of income saved by individuals or entities surpasses the amount being invested, which can indicate caution or a lack of attractive investment opportunities.

Keynes

John Maynard Keynes was a British economist whose ideas, known as Keynesian economics, had a major impact on modern economic and political theory and on fiscal policies of governments.

Demand

The desire and ability of consumers to purchase goods or services at a given price.

Unemployment

The state of being without a job despite actively looking for work, used as an indicator of the health of the economy.