Markets originated as part of capitalist systems
a. True
b. False
ANSWER:
False
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Why were poor nations forced to accept structural adjustment?
What will be an ideal response?
If a firm is a price taker, this means that the firm ________.
A) has market power B) has transaction costs C) has no ability to change the price of the good or service D) has the ability to change the price of the good or service
Which of the following statements does NOT illustrate the concept of the “white man’s burden”?
a. Colonial governments have a duty of association and collaboration toward subject races. b. Natives deserved to be civilized by the guidance and superiority of the white men. c. Missionaries in the Americas were saving the natives and doing God’s work by saving them. d. European colonizers have a duty to uphold the customs and traditions of the local indigenous people.
The Ju/Wasi people of Namibia have historically been malnourished because they live in a harsh desert environment
Indicate whether the statement is true or false.