18 Questions
What is the central focus of the world-system theory according to the passage?
The relations between core, semi-periphery, and periphery countries should be the focus
What is the defining characteristic of peripheral countries according to the passage?
They have underdeveloped industry and are dependent on core countries for capital
What is the role of the core countries according to the world-system theory?
They are dominant capitalist countries that exploit peripheral countries for labor and raw materials
What is the key aspect of the temporal features of a world-system according to the passage?
The crisis that brings about the end of the system
What is the relationship between semi-periphery and core countries according to the passage?
Semi-periphery countries are middle-income with closer ties to the global economic core
What is the defining characteristic of core countries according to the world-system theory?
They are high-income nations that are the manufacturing base of the planet
What is the main effect of global market integration on price differences between countries?
Eliminates them
What influences the entry to a market according to the text?
Price differences advantage
In a market with a single price for a commodity, what helps equalize prices?
Movement of sellers
What are the main objectives of horizontal integration as described in the text?
Reduce competition, gain market share, increase profits
How can firms perform horizontal integration in the market sequence?
Gaining control of other firms at the same market level
What is one of the outcomes of horizontal integration in terms of market competition?
Reduced effective number of competitors
What is the key characteristic of vertical integration according to the passage?
A firm performing multiple functions in the marketing process
What are the two main types of vertical integration discussed in the passage?
Forward integration and backward integration
What is the primary effect of conglomeration according to the passage?
Risk reduction through diversification
Which of the following is NOT mentioned as an effect of vertical integration in the passage?
Acquisition of financial leverage
What is the key difference between ownership integration and contract integration?
Ownership integration involves complete assumption of a firm by another, while contract integration involves an agreement between firms
What is the primary driver of conglomeration according to the passage?
Empire-building urge
Test your knowledge on the world-system theory which focuses on analyzing world-systems as the basic unit of social analysis. Learn about concepts like contradiction, crisis, core, semi-periphery, and periphery.
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