Which of These Statements About the World Economic System Is

question 24

Multiple Choice

Which of these statements about the world economic system is true?

• A) Everyone in core countries benefits from the world system.
• B) Low-wage sweat shops are found in all countries.
• C) No one in peripheral countries benefit from the world system.
• D) World systems theory no longer has any usefulness for understanding global inequality.

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Definitions:

Projected Number

An estimate or forecast of a future quantity based on current trends, data analysis, or modeling.

Gold Suites

Luxury hotel accommodations that offer enhanced amenities, services, and possibly gold-themed decor to guests.

Price/Demand Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, often used to gauge the sensitivity of demand to price changes.

Projected Revenue

An estimate of the amount of money that an organization is expected to generate in a future period.