"Countries are poor because they cannot afford to save and invest" is called the:

A. vicious circle of poverty.
B. savings-investment trap.
C. LDC trap.
D. cycle of insufficient credit.

Answer: A

Economics

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A market structure in which one firm produces a good or service that has no close substitutes is called

A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.

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When you deposit $50 in currency at Old National Bank

A) its assets increase by less than $50 because of reserve requirements. B) its reserves increase by less than $50 because of reserve requirements. C) its liabilities increase by $50. D) its liabilities decrease by $50.

Economics