Question 1

Modernization theory identifies which of the following as the greatest barrier to economic development?&#10;A)technology&#10;B)multinational corporations&#10;C)capitalism&#10;D)tradition

Accepted Answer

According to modernization theory, tradition is the greatest barrier to economic development because traditional values and practices may hinder the adoption of new technologies and business practices necessary for modern economic growth.

Question 2

The poorest 20 percent of the global population receives only about what percentage of all global income?&#10;A)2%&#10;B)8%&#10;C)15%&#10;D)25%

Accepted Answer

The poorest 20 percent of the global population receives approximately 2% of all global income, highlighting significant income inequality worldwide.

Question 3

In middle-income nations,average personal income is in the range of:&#10;A)$250 and $1,000.&#10;B)$1,000 and $2,500.&#10;C)$2,500 and $12,000.&#10;D)$10,000 and $25,000.

Accepted Answer

According to the World Bank, middle-income countries are defined as those with a gross national income (GNI) per capita between $1,026 and $12,475. Therefore, the average personal income in middle-income nations falls within the range of $2,500 and $12,000.

Question 4

Over the course of the last century,the extent of global economic inequality has:&#10;A)decreased sharply.&#10;B)stayed about the same.&#10;C)increased.&#10;D)become smaller,but not by much.

Accepted Answer

The extent of global economic inequality has increased over the last century. While some developing countries have seen significant economic growth, the richest individuals and nations have gained a disproportionate share of wealth, leading to a widening income gap between the rich and poor.

Question 5

According to Anti-Slavery International,about how many men,women,and children live today in conditions that amount to slavery?&#10;A)20,000&#10;B)200,000&#10;C)200 million&#10;D)2 billion

Accepted Answer

Anti-Slavery International estimates that around 200 million men, women, and children are living in conditions that amount to slavery today.

Question 6

A social theorist who contributed to the development of dependency theory by tracing the growth of the capitalist world economy is:&#10;A)Max Weber.&#10;B)Emile Durkheim.&#10;C)W.W.Rostow.&#10;D)Immanuel Wallerstein.

Accepted Answer

Immanuel Wallerstein developed the concept of the world-system, which posits that the global economy is divided between core countries (rich, developed countries), periphery countries (poor, undeveloped countries), and semi-periphery countries (in-between countries). Wallerstein argued that the global economy is structured in a way that benefits core countries at the expense of periphery countries, creating a dependency relationship.

Question 7

Low-income countries are home to more than half of the world's people.

Accepted Answer

The answer of Low-income countries are home to more than...

Question 8

Describe the distribution of income for the world as a whole.

Accepted Answer

The answer of Describe the distribution of income for the...

Question 9

Which world region contains the largest share of the world's street children?&#10;A)Asia&#10;B)Latin America&#10;C)Africa&#10;D)Europe

Accepted Answer

Latin America

Question 10

Typically,people in low-income countries do more physical labor yet consume fewer calories than people in rich nations.

Accepted Answer

This statement is generally true. People in low-income countries often do more physical labor due to the nature of their jobs or lack of access to technology, but they may not consume enough calories to meet their daily needs. Conversely, people in rich nations may have less physically demanding jobs and more access to high-calorie foods, leading to consumption of more calories than needed. However, there can be exceptions to this generalization based on specific cultural, economic, and geographic factors.

Deck 12: C: Global Stratification