The Vicious circle theory states that ?

A. growing government assistance create 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 incomes creates low savings that keep incomes low

A major dependency theorist Andre Gunder Frank Suggests that the following economic activities have contributed to underdevelopment:

I- Workers migrating from villages to foreign-dominated urban complexes
II- Forming an unskilled labor force to work in factories and mines and on plantations
III- Replacing indigenous enterprises with technologically more advanced global subsidiary companies
IV- Closing the economy to trade with and investment from, developed countries

A. I and II only
B. II and III only
C. I, II and III only
D. I , II III and IV

OECD stands for ?

A. Organization for Economic Cooperation and Development and Development
B. Oil Exporting Countries Development
C. Organization for Environmental cooperative Department
D. Open Economies Caucus on Development

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