Examlex
Which of the following statements about price elasticity of demand is false?
Vicious Cycle of Poverty
A self-perpetuating condition where poverty leads to situations that perpetuate poverty, making it difficult for individuals or communities to escape poverty.
Theory of Exploitation
A concept in Marxist economics that posits that capitalists extract surplus value from workers' labor, paying them less than the actual worth of their work.
Neocolonialism
The economic and political strategies by which powerful nations indirectly maintain or extend their influence over other countries, often through economic pressures or cultural dominance.
Capital-Using Technology
An improvement in technology that requires the use of a greater amount of capital to produce a specific quantity of a product.
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