The Vicious Circle of Poverty Refers to a Condition Where

question 39

Multiple Choice

The vicious circle of poverty refers to a condition where:

• A) c and d.
• B) c and e.
• C) people are poor because they cannot invest in capital goods and they cannot invest in capital goods because they are poor.
• D) people cannot invest in capital goods because they are poor and they are poor because they cannot invest in capital goods.
• E) poverty is relative and poor people remain poor because the wealthy grow wealthier.

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Definitions:

Communal Ownership

A system where property and resources are owned collectively by a community or society rather than by individual members or companies.

Opportunity Cost

The price paid by not choosing the second-best option available during decision-making.

College

An institution of higher education offering undergraduate programs, sometimes along with graduate programs.

Tuition

The fee charged for instruction, typically at an educational institution like a university or college.