Many countries remain poor because they currently are poor. This statement summarizes the:
A. infrastructure problem.
B. vicious circle of poverty.
C. demographic transition problem.
D. problem of capital flight.
B. vicious circle of poverty.
You might also like to view...
Are credit cards or debit cards money? Explain your answer
What will be an ideal response?
Increases in real GDP would overstate the increase in the well-being of a country over time if, over that time period, the
A) price level increased. B) amount of pollution decreased. C) crime rate decreased. D) average hours worked per week increased.
If the government were to decrease its spending, it would expect aggregate demand to:
A. fall, and thus GDP to fall. B. rise, and thus GDP to fall. C. fall, and thus GDP to rise. D. rise, and thus GDP to rise.
The country Happy Land claims that it is producing everything its citizens consume. This situation is called
A. a closed economy. B. an open economy. C. autarky. D. protectionism.