The vicious circle of poverty refers to the fact that in LDCs,
a. low living standards lead to declines in population growth.
b. too much spending leads to periods of recession.
c. people are poor because too much is spent on capital goods.
d. there are not enough people in the under-15 age groups.
e. poverty leads to low investment in capital goods.
e
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Of the $840 billion American Recovery and Reinvestment Act stimulus package which was enacted in 2009, approximately ________ took the form of tax cuts and ________ took the form of increases in government expenditures
A) one-third; two-thirds B) one-tenth; nine-tenths C) one-half; one-half D) three-fourths; one-fourth
Bank consolidation will likely result in
A) less competition. B) the elimination of community banks. C) increased competition. D) a shift in assets from larger banks to smaller banks.
In the short run, an unanticipated increase in the money supply will exert its primary impact on
a. output and employment rather than on prices. b. prices; output and employment will be largely unaffected. c. interest rates; rising interest rates will stimulate additional saving. d. prices, if the economy operates at an output level below its long-run supply constraint.
Balance of payments deficits arise whenever the exchange rate is set at an artificially high level.
Answer the following statement true (T) or false (F)