World-System Theory Quiz

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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 (correct)

Contradictions within a system are the most important aspect to analyze

Individual states should be the basic unit of social analysis

The crisis that leads to the end of a system is the key consideration

What is the defining characteristic of peripheral countries according to the passage?

They are middle-income countries with closer ties to the global economic core

They have underdeveloped industry and are dependent on core countries for capital (correct)

They are high-income nations that are the manufacturing base of the world

They share characteristics of both core and peripheral countries

What is the role of the core countries according to the world-system theory?

They are low-income countries that support the wealthier countries

They are dominant capitalist countries that exploit peripheral countries for labor and raw materials (correct)

They are countries that have experienced a crisis leading to the end of their system

They are middle-income countries with closer ties to the global economic core

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 Signup and view all the answers

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 Signup and view all the answers

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 Signup and view all the answers

What is the main effect of global market integration on price differences between countries?

Eliminates them Signup and view all the answers

What influences the entry to a market according to the text?

Price differences advantage Signup and view all the answers

In a market with a single price for a commodity, what helps equalize prices?

Movement of sellers Signup and view all the answers

What are the main objectives of horizontal integration as described in the text?

Reduce competition, gain market share, increase profits Signup and view all the answers

How can firms perform horizontal integration in the market sequence?

Gaining control of other firms at the same market level Signup and view all the answers

What is one of the outcomes of horizontal integration in terms of market competition?

Reduced effective number of competitors Signup and view all the answers

What is the key characteristic of vertical integration according to the passage?

A firm performing multiple functions in the marketing process Signup and view all the answers

What are the two main types of vertical integration discussed in the passage?

Forward integration and backward integration Signup and view all the answers

What is the primary effect of conglomeration according to the passage?

Risk reduction through diversification Signup and view all the answers

Which of the following is NOT mentioned as an effect of vertical integration in the passage?

Acquisition of financial leverage Signup and view all the answers

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 Signup and view all the answers

What is the primary driver of conglomeration according to the passage?

Empire-building urge Signup and view all the answers

World-System Theory Quiz

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Questions and Answers

What is the central focus of the world-system theory according to the passage?

What is the defining characteristic of peripheral countries according to the passage?

What is the role of the core countries according to the world-system theory?

What is the key aspect of the temporal features of a world-system according to the passage?

What is the relationship between semi-periphery and core countries according to the passage?

What is the defining characteristic of core countries according to the world-system theory?

What is the main effect of global market integration on price differences between countries?

What influences the entry to a market according to the text?

In a market with a single price for a commodity, what helps equalize prices?

What are the main objectives of horizontal integration as described in the text?

How can firms perform horizontal integration in the market sequence?

What is one of the outcomes of horizontal integration in terms of market competition?

What is the key characteristic of vertical integration according to the passage?

What are the two main types of vertical integration discussed in the passage?

What is the primary effect of conglomeration according to the passage?

Which of the following is NOT mentioned as an effect of vertical integration in the passage?

What is the key difference between ownership integration and contract integration?

What is the primary driver of conglomeration according to the passage?

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