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Which economic theory, developed in the 20th century, emphasizes the role of str

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Question: Which economic theory, developed in the 20th century, emphasizes the role of structural factors in perpetuating poverty? (1960)

Options:

  1. A. Classical economics
  2. B. Keynesian economics
  3. C. Dependency theory
  4. D. Neoclassical economics

Correct Answer: C. Dependency theory

Exam Year: 1960

Solution: 

Dependency theory argues that the economic conditions of developing countries are shaped by their historical and structural relationships with developed nations, leading to persistent poverty.

Which economic theory, developed in the 20th century, emphasizes the role of str

Practice Questions

Q1
Which economic theory, developed in the 20th century, emphasizes the role of structural factors in perpetuating poverty? (1960)
  1. A. Classical economics
  2. B. Keynesian economics
  3. C. Dependency theory
  4. D. Neoclassical economics

Questions & Step-by-Step Solutions

Which economic theory, developed in the 20th century, emphasizes the role of structural factors in perpetuating poverty? (1960)
  • Step 1: Understand that the question is asking about an economic theory from the 20th century.
  • Step 2: Identify that the theory focuses on how certain factors keep people in poverty.
  • Step 3: Recognize that the theory is called 'Dependency Theory'.
  • Step 4: Learn that Dependency Theory explains that developing countries are affected by their relationships with developed countries.
  • Step 5: Conclude that these relationships can lead to ongoing poverty in developing nations.
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