André Gunder Frank States That Poor Nations

question 58

Multiple Choice

André Gunder Frank states that poor nations

• A)are responsible for their own poverty.
• B)were "underdeveloped," or made poor,by rich nations.
• C)suffer from traditional culture.
• D)need to gain more productive technology.

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Definitions:

Personal Consumption

The value of goods and services consumed by individuals and households for their own use.

Corporate Income

Corporate income refers to the total revenue a company earns minus its expenses, taxes, and costs, showcasing the company's financial performance over a period.

Sole Proprietorships

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.

Sole Proprietorships

Business entities owned and operated by a single individual, with no legal distinction between the owner and the business.