Question

please answer all the question correctly

ellele Lotul e i . LUPIS. Modernization theory, though ethnocentric and historically inaccurate, remains useful because: A. It serves as a useful rationale for some countries dominating others B. It confirms Social Darwinist views that only the fit survive in the modern world C. It confirms popular prejudices against people in poor countries D. All of the above GNP (Gross National Product) is a problematic indicator of economic progress because: A. It includes all economic transactions, whether constructive or destructive: B. It does not consider environmental costs of production, use, or disposal: C. It does not consider non-monetary forms of capital D. All of the above. Of the 3 central roles in the capitalist system, globalization has most favored: A. Laborers in the U.S. manufacturing sector: B. Consumers in lesser developed Countries: C. Capitalists in the U.S.: D. None of the above Over the past 100 years in the U.S. and the world, wealth has: A. Become more concentrated in the hands of fewer and fewer individuals; B. Become distributed more equitably than it ever was before: C. Increased tremendously, benefitting the poorest in a "trickle-down" effect The concept of perceived obsolescence" in "The Story of Stuff", is exemplified by: A. The fashion industry B. The computer industry C. The modern food industry Globalization over the past 30 years has most negatively impacted: A. U.S. entrepreneurs; B. Peasant farmers: C. U.S.-based corporations: NAFTA stands for: A. Native American Free Trade Agreement. B. Northern Arizona Free Trade Agreement. C. North American Free Trade Agreement. D. Northern Arizona Federation of Total Airheads. In the ideology of capitalism, contentment, wellbeing, and personal happiness result from: A. Increased consumption B. Family, friends, and a sense of community C. Spiritual growth

Answer 1

Q.1 option d
Reason:- The modernization theory confirms all the three things that poor countries lag beging behind in terms of development, only fit countries survive in the modern world and it provides a rationale to some countries dominating others.

Q2. Option d
Reason:- Gross national product is the total value of goods and services produced within a country plus the net incomes from outside the country. It does not indicate the proper economic growth because it includes all economic transactions either constructive or destructive, does not consider environment cost and also does not consider the non-monetary forms of capital.

Q.3 option b
Reason:- Globalisation caused the private players to enter the economy. Hence it increased the competition thereby, increasing the quality of the products and reducing their prices. Hence it has favoured the consumers of less developed nations the most because the developed nation's consumers are already favoured.

Q.4:- option a
Reason:- The income inequalities have increased manifold in US over past 100 years. Hence it is true to say that the wealth of US has become more concentrated in the hands of fewer and fewer individuals.