The vicious circle of poverty makes it difficult for an LDC to:
a. establish political institutions. b. control inflation.
c. save and invest. d. fix its exchange rate.
c
Economics
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The euro is
A) the currency of all nations in Europe. B) the rate at which the French central bank makes discount loans. C) a common currency of many European countries. D) the name of the European central bank.
Economics
When a person does not have to pay the full costs for using a scarce resource, then
A) the use of the resource is not affected since society pays for the resource. B) more of the resource will be used. C) the internal costs of using the resource are too high. D) the social costs of the resource are less than they would be if the "correct" amount of the resource were being used.
Economics