Mustafa Is a World-Systems Theorist Who Studies the World's Most

question 50

Multiple Choice

Mustafa is a world-systems theorist who studies the world's most powerful countries and outlines how those nations take the largest shares of the world's wealth. He is studying what kind of countries?

• A) core
• B) peripheral
• C) semiperipheral
• D) futuristic

---

Definitions:

Free Trade

Trade that is unregulated by government tariffs or other artificial barriers; the levels of exports and imports occur naturally, as a result of supply and demand.

Consumer Surplus

The variance between the amount consumers are ready to pay for a good or service compared to the actual price they pay.

International Trade

the exchange of goods and services across international borders or territories.

Autarky

An economic system where a region or country is self-sufficient and does not engage in international trade.