While Modernization Theory Focuses on _____, Dependency Theory Focuses on _____

question 35

Multiple Choice

While modernization theory focuses on _____, dependency theory focuses on _____

• A) poor nations rich nations
• B) the future the past
• C) production of wealth distribution of wealth
• D) All of the above are correct.

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Definitions:

Specialization And Trade

The practice where individuals or entities focus on the production of specific goods or services to trade for other goods or services rather than producing everything they need by themselves.

Terms Of Trade

The ratio of an index of a country's export prices to an index of its import prices.

Bushel

A bushel is a unit of volume that is used for measuring agricultural commodities, with the exact weight varying by the type of commodity.

Lbs. Of Tea

This is not a key term in the context of economics or business; it refers to pounds of tea, a unit of measure for weight.