Consumer sovereignty refers to a situation in which there is only one "sovereign" consumer deciding what is to be produced in the market

Which of the following cannot be classified as a market structure?

a. Oligopoly b. Monopolistic Competition c. Mergers d. Perfect Competition

The vicious circle of poverty refers to a condition where

a. people are poor because they cannot invest in capital goods and they cannot invest in capital goods because they are poor b. people who borrow money at high interest rates can never get out from under the indebtedness created c. people invest in unprofitable projects and keep pouring loanable funds into those projects in the hope of salvaging them d. people prefer consumption goods to capital goods so there are insufficient capital goods to propel the economy out of poverty e. poverty is relative and poor people remain poor because the wealthy grow wealthier