Geoff Tells You That We Cannot Understand American Culture Without

question 81

Multiple Choice

Geoff tells you that we cannot understand American culture without understanding the relationship that America has with the global economy. He argues that the ability to connect with other nations in the world allows Americans to have access to all sorts of products, and that would be impossible without a global economy. Which analytical framework is Geoff explaining?

• A) world systems analysis
• B) dependency theory
• C) modernization theory
• D) neocolonialism

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Definitions:

Capitalist System

An economic system where private individuals or businesses own capital goods and the production of goods and services is based on supply and demand in the market.

Central Planning

An economic system in which decisions about production, investment, and distribution are made by a central authority, often the government.

Capital Goods

Long-lasting goods acquired by firms for producing goods and services, including machinery, buildings, and equipment.

Market System

An economic system where the allocation of resources and the distribution of goods and services are determined by supply and demand in a free market.