According to World Systems Analysis, a Periphery Nation Is a Nation

question 9

Multiple Choice

According to world systems analysis, a periphery nation is a nation that

• A) along with its multinational corporations dominates all other nations socially, economically, and politically, such as the U.S. and Germany.
• B) has a marginal economic status, such as Israel and South Korea.
• C) is a poor, developing nation, such as Honduras and Ethiopia, that is exploited by more powerful nations and corporations.
• D) None of these answers is correct.

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Definitions:

Maximizing Profit

The procedure a business uses to establish the optimal price and amount of production for the highest profit.

Total Profit

The total financial gain generated from a business activity after subtracting all expenses and costs associated with producing and selling goods or services.

Break-Even Point

The financial point at which the costs of producing and selling a product equal the revenue made from selling the product, resulting in neither profit nor loss.

Market Supply

The total amount of a specific good or service that is available to consumers in a market at all possible prices.