MCQOPTIONS
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| 1. |
The Vicious circle theory indicates that ? |
| A. | a country is poor because it has lower productivity but high savings |
| B. | as countries grow richer they save less |
| C. | poverty perpetuates itself in mutually reinforcing circles on supply and demand sides |
| D. | market size is large in LDCs |
| Answer» D. market size is large in LDCs | |