Which of the following best defines the vicious circle of poverty?
a. Countries are poor because of lack of education and training for workers.
b. Countries are poor because of poor international credit.
c. Countries are poor because of high population growth.
d. Countries are poor because they cannot afford to save and invest.
d
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The unemployment rate ________
A) is essentially unchanged over the business cycle B) rises in economic expansions and falls in economic contractions C) falls consistently over both economic expansions and recessions D) varies over the course of the business cycle
If a fear of increased bankruptcies of firms causes banks to increase their reserve to deposit ratio, then
a. the money supply and money multiplier will rise. b. the monetary base and the money multiplier will fall. c. there will be no change in the money multiplier, but the money supply will fall. d. the money multiplier and the money supply will fall.