Quiz on Economic Development Theories

Which stage of economic development is characterized by a focus on primary production and low levels of productivity?

• Preconditions to Takeoff

• Traditional Society

• Takeoff

• High Mass Consumption

Which countries are characterized by high levels of industrialization and dominate global trade, according to Wallerstein's World Systems Theory?

• Core countries

• Semi-periphery countries

• Periphery countries

• Dependent countries

Which theories suggests that there is a world economic system where some countries benefit while others are exploited?

• Rostow's Stages of Development

• Wallerstein's World Systems Theory

• Dependency Theory

• Modernization Theory

Which countries are often classified as examples of core countries in Wallerstein's World Systems Theory?

• China, India, Brazil

• Russia, Mexico, South Africa

• United States, Japan, Germany

• Nigeria, Bangladesh, Ethiopia

What term refers to a country with a highly developed economy and advanced technological infrastructure?

• Semi-periphery country

• Less Developed Country (LDC)

• More Developed Country (MDC)

• Periphery country

According to Rostow's model, what is the first stage of economic development?

• Takeoff

• Drive to Maturity

• Traditional Society

• High Mass Consumption

What theory suggests that the global economy is divided into core, periphery, and semi-periphery countries?

• Rostow's Stages of Development

• Dependency Theory

• Wallerstein's World Systems Theory

• Marxist Theory

What stage of economic development is characterized by widespread consumption of goods and services?

• Preconditions to Takeoff

• Drive to Maturity

• High Mass Consumption

• Traditional Society

According to the Dependency Theory, what keeps less developed countries (LDCs) in a continuous cycle of dependency?

• Self-sufficiency in manufacturing in LDCs

• Reliance on foreign factories and technologies from MDCs

• Reliance on natural resources from MDCs

• Reliance on government policies of MDCs

What stage in Rostow's model is characterized by rapid growth in a few key sectors leading to a substantial increase in income per capita?

• Drive to Maturity

• Takeoff

• Preconditions to Takeoff

• High Mass Consumption