The vicious circle theory states that __________ . | Faculties

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Mr. Dubey

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📊 Economics of Development

Q. The vicious circle theory states that __________ .

(A) Growing government assistance creates addiction to welfare programs.
(B) Low income levels create pressure for money creation.
(C) Low income levels create pressure for cheap imports.
(D) Low per capita income creates low savings that keep incomes low.

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✅ Correct Answer: (D) Low per capita income creates low savings that keep incomes low.

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