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Question #49529

The Vicious circle theory indicates that ?

Options:

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: The Vicious circle theory indicates that poverty perpetuates itself in mutually reinforcing circles on supply and demand sides.

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