Q
The Vicious circle theory indicates that ?
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A
A. A country is poor because it has lower productivity but high savings
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B
B. As countries grow richer they save less
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C
C. Poverty perpetuates itself in mutually reinforcing circles on supply and demand sides
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D
D. Market size is large in ldcs
Correct Answer:
C. C. Poverty perpetuates itself in mutually reinforcing circles on supply and demand sides
