Which of the Following Best Describes the Vicious Cycle of Poverty?​

question 114

Multiple Choice

Which of the following best describes the vicious cycle of poverty?​

• A) ​Rich countries eventually decline because its citizens become lazy.
• B) ​Poor countries eventually improve through investment in education, infrastructure, and capital accumulation.
• C) ​Rich countries stay rich through continued high levels of investment in education, infrastructure, and capital accumulation.
• D) ​Poor countries stay poor because they cannot afford to invest in education, infrastructure, and capital accumulation.

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Definitions:

FUTA Tax Return

A federal tax form required from employers to report and pay unemployment taxes to the Internal Revenue Service, associated with the Federal Unemployment Tax Act.

Wage And Tax Statement

A form, typically referred to as a W-2 form in the United States, that employers provide to employees detailing the employee's annual wages and the amount of taxes withheld from their paycheck.

Tax Liability Accounts

Financial accounts that track the amount of tax that a person or organization owes to the government.

General Checking Account

A type of bank account that allows for the deposit and withdrawal of funds for daily transactions.