According to , Social Change Leads to an International Division

question 113

Multiple Choice

According to , social change leads to an international division of labor that benefits the few who receive profits, while exploiting those in the poorest and least powerful nations.

• A) modernization theory
• B) dependency theory
• C) world systems theory
• D) social exchange theory

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Definitions:

Compounded Semi-annually

Interest calculation method where the interest is added to the principal amount after every six months, increasing the total amount on which future interest accruals are based.

Interest

Money paid at a particular rate for the use of money lent, or for delaying the repayment of a debt.

Equivalent Value

The amount that represents an equal worth or utility between two different items, currencies, or financial instruments, considering various factors.

Rate of Return

The percentage of profit or loss on an investment relative to its cost, indicative of its financial performance over a period.