Refer to Figure 32-6

question 118

Multiple Choice

Refer to Figure 32-6.If equilibrium were at point h and the government imposed quotas on imports of toys and textiles the equilibrium would move to

• A) e
• B) g
• C) i
• D) j

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Definitions:

Modernization Theory

A perspective that views societal development as a progression from traditional to modern states through industrialization and democratization.

Eurocentric

A viewpoint that prioritizes or overly emphasizes the importance of European culture or perspectives, often at the expense of other cultures.

Ethnocentric

Evaluating other cultures according to preconceptions originating in the standards of one's own culture.

Globalization

The method through which companies or various organizations gain international impact or begin functioning globally.