Asked by Katie Creager on Jul 09, 2024
Verified
Which of the following would most help a developing country (DVC) break out of the vicious circle of poverty?
A) more consumption
B) more food production
C) an increase in the birth rate
D) an increase in labor productivity
Vicious Circle
A complex chain of events that reinforces itself through a feedback loop, leading to a detrimental situation.
Poverty
The state of having inadequate income or resources to achieve a minimum standard of living.
Labor Productivity
A measure of economic performance that compares the amount of goods and services produced (output) with the number of hours worked to produce those goods and services.
- Understand the processes to interrupt the cycle of poverty in developing countries, especially by means of capital accumulation.
Verified Answer
Learning Objectives
- Understand the processes to interrupt the cycle of poverty in developing countries, especially by means of capital accumulation.
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