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:

Article 2

A specific section of the Uniform Commercial Code (UCC) that governs the sale of goods in the United States.

Option Contract

A contract giving the buyer the right, but not the obligation, to buy or sell an asset at a specified price within a specific time frame.

Arabian Mare

A female horse of the Arabian breed, known for its endurance, speed, intelligence, and distinctively shaped head and high tail carriage.

Irrevocable

Something not capable of being changed or called back, often used in the context of trusts or certain decisions.