The vicious circle of poverty refers to the fact that in LDCs,
a. low living standards lead to declines in population growth.
b. too much spending leads to periods of recession.
c. people are poor because too much is spent on capital goods.
d. there are not enough people in the under-15 age groups.
e. poverty leads to low investment in capital goods.
e
Economics
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In the above figure, if there is no minimum wage, the equilibrium employment is ________; if the government imposed a minimum wage of $8 per hour, employment is ________
A) 4,000 hours; 2,000 hours B) 3,000 hours; 4,000 hours C) 3,000 hours; 2,000 hours D) 4,000 hours; 3,000 hours
Economics
Emigration is when people leave a country because of supply push factors
Indicate whether the statement is true or false
Economics