Answer the following statement(s) true (T) or false (F)
1. Capitalism is often characterized as a system of economic organization based on state-owned industries and regulated markets.
2. Mercantilism is the economic approach that promotes the aggressive pursuit of export outlets and the simultaneous protection of domestic markets to acquire and expand national wealth and power.
3. Nondiscrimination is the idea that countries would respond to actions taken by their trade partners to reduce trade barriers with similar reductions of their own.
4. The “Global South” refers to a group of less developed countries from Africa, Asia, and Latin America, a term which reflects the location of most of these countries in the southern hemisphere.
5. Dependency theory is the view that the development of countries in the Global South is limited by the unfavorable terms through which they have been integrated into the global capitalist economy.
1.false
2.true
3.false
4.true
5.true
You might also like to view...
___________ refers to "binding, authoritative third-party intervention in which conflict parties agree to hand the determination of a final settlement to outsiders."
Fill in the blank with correct word
Use of the internet by politicians has increased the importance of:
a. fundraising organizations b. apathetic voters c. technically-trained media consultants d. ad-creating media consultants
California became the first state to allow transgendered students to choose the __________they wish to join based on their gender identity
Fill in the blank(s) with correct word
What is the basis for China’s claims to sovereignty over the islands in the South China Sea?
a. Their proximity to China’s coast. b. China’s occupation of the islands late in World War II. c. Historical rights based on discovery. d. The 1951 U.S. peace treaty with Japan.