Why Might Dependency Theorists Criticize Modernization Theory

question 8

Multiple Choice

Why might dependency theorists criticize modernization theory?

• A) They would point out that the only way for traditional societies to develop is to shed their traditional ways.
• B) They would argue that modernization theory ignores the fact that markets, if freed from state intervention, will develop any society.
• C) They would point out that traditional societies are typically low income because of a history of colonialism and oppression.
• D) They would suggest that in recent history, historically exploited nations have actually become the new exploiters through global welfare schemes.

Comprehend the relationship between price, average total cost, and marginal cost in long-run equilibrium.

Analyze the impact of consumer demand changes on market equilibrium in different types of industries.

Understand the concept of allocative efficiency and its relevance to purely competitive markets.

Grasp the principle of marginal cost (MC) and marginal revenue (MR) equality for profit maximization.

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Definitions:

Wilhelm Wundt

Known as the father of experimental psychology, he founded the first formal laboratory for psychological research at the University of Leipzig in 1879.

Biopsychosocial Perspective

An interdisciplinary model that examines human health and disease across biological, psychological, and social factors.

Evolutionary Perspective

An approach in psychology that emphasizes the role of evolution and natural selection in shaping behaviors, traits, and psychological mechanisms.

William James

An American philosopher and psychologist, often considered the father of American psychology, who made significant contributions to early psychology and philosophy.