Development and Trade

Question 1

Which category within Wallerstein’s world systems theory are the most economically advanced countries in?

Accepted Answer

Core

Question 2

What is the definition of Trade?

Accepted Answer

when one needs something so they give resources to receive what they need

Question 3

Which isn't an Interdependency Effect we talked about?

Accepted Answer

Federal

Question 4

Wallerstein’s World System Theory was used to show that countries are dependent on each other

Accepted Answer

True

Question 5

Which stage is the most advanced on Rostow’s Stages of Economic Growth?

Accepted Answer

Age of High Mass Consumption

Question 6

A country is commodity dependent when a country has 60% of which export?

Accepted Answer

Raw materials

Question 7

What is an example of trade?

Accepted Answer

giving someone pizza in order to receive a sandwich

Question 8

What is Complementarity Trade?

Accepted Answer

when each side has something the other wants or needs

Question 9

USA is a periphery country

Accepted Answer

False

Question 10

How many stages are there on Rostow’s Stages of Economic Growth?

Accepted Answer

5

Questions 10