Economics · Development Economics
If the 'vicious circle of poverty' hypothesis held strictly true across all levels of per capita income without exception, then:
- 1Poverty would automatically cease to self-perpetuate
- 2Developing nations would rapidly catch up with developed nations
- 3No nation could ever achieve economic development✓
- 4All economies would develop at the exact same rate
Correct answer
No nation could ever achieve economic development
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