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The Vicious-Circle-Of-Poverty Hypothesis States That Poor Countries

Question 51

Multiple Choice

The vicious-circle-of-poverty hypothesis states that poor countries


A) are unable to save and invest enough to accumulate capital stock that would help them grow.
B) cannot develop because they lack the ability to educate their workers.
C) cannot develop because their economic policies are ineffective.
D) cannot develop because people don't consume due to lack of goods and services.

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