Solved

Which of the Following Describes the Vicious Circle of Poverty

Question 58

Multiple Choice

Which of the following describes the vicious circle of poverty?


A) Because resources are limited, all economies eventually become poor.
B) In the long run, economies cycle between being rich and being poor.
C) For an economy to grow requires more consumption goods, which requires less capital goods, which means it will eventually become poor.
D) Due to excessive consumption, rich economies will destroy their resource base and eventually become poor.
E) Poor economies are poor because they do not produce sufficient capital goods, and without the production of sufficient capital goods, they remain poor.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents