Dependent or Periphery Countries Possess All of the Following Qualities

question 15

Multiple Choice

Dependent or periphery countries possess all of the following qualities except

• A)a narrow range of exported goods that consists primarily of raw materials.
• B)a history of cooperation with one another against foreign domination.
• C)significant social cleavage between upper and lower classes.
• D)unstable and self-serving political regimes.

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Definitions:

Fixed Costs

Expenses that remain constant regardless of the amount of production or sales, including rent, wages, and insurance premiums.

Mixed Cost

A cost that contains both fixed and variable components and changes with the level of output but not directly in proportion.

Fixed Cost Element

A component of total costs that does not change with the level of output or activity within a certain range.

Fixed Cost

Costs that do not change with the level of manufacturing activity or output, such as rent, salaries, and insurance premiums.