Describe the vicious circle of poverty. What are the consequences of this cycle?
The vicious cycle of poverty explains that people in LDCs are poor because of low levels of capital goods
production, and these low levels result because people are poor. The consequences are high infant
mortality rates, low life expectancy, a low percentage of people using safe water, and a low percentage of
school aged children in school.
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_____ is a process in which parties initially in disagreement attempt to reach an agreement
a. Strategic voting b. Negotiation c. Borda count d. Median voting
A country such as the United States, which has a low saving rate and attractive investment opportunities, will tend to experience a long-term
a. inflow of capital and a current account surplus. b. inflow of capital and a current account deficit. c. outflow of capital and a current account surplus. d. outflow of capital and a current account deficit.