The vicious circle of poverty associated with LDCs refers to a. their ability to borrow but inability

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The vicious circle of poverty associated with LDCs refers to

a. their ability to borrow but inability to pay their debts.

b. their traditional sector becoming modern only to revert back to traditionalism.

c. their misuse of capital goods over and over again.

d. their being poor because they choose population growth over economic growth.

e. their being poor because they cannot devote resources to capital goods production because they are poor.

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Principles Of Microeconomics

ISBN: 9781913689681

7th Edition

Authors: Fred M. Gottheil

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Question Posted: Nov 12, 2024 01:00 AM

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The vicious circle of poverty associated with LDCs refers to a. their ability to borrow but inability

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Principles Of Microeconomics

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