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    Economics for Today Study Set 6
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    Exam 30: Growth and the Less Developed Countries
  5. Question
    "Countries Are Poor Because They Cannot Afford to Save and Invest
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"Countries Are Poor Because They Cannot Afford to Save and Invest

Question 3

Question 3

Multiple Choice

"Countries are poor because they cannot afford to save and invest" is called the:


A) vicious circle of poverty.
B) savings-investment trap.
C) LDC trap.
D) cycle of insufficient credit.

Correct Answer:

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