Imagine that you are sitting next to a line that extends infinitely in both directions. Is it possible to distinguish it from an infinite circle?
From my poor understanding of topology, I would guess that it makes a difference if it's a line or a circle: The second is closed, the first isn't.
What they both do to a plane is, that they split it into two parts, left and right or in and out. But is this enough to say that they are obviously the same thing?
EDIT
$\lim_{R\to \infty}$
$\hskip1in$

From a non-rigorous "visual" point of view you wouldn't be able to tell the difference, just like when you look down at your feet you can't tell that the earth is a sphere. The rigorous way to say this mathematically is that a circle and a line are "locally homeomorphic".
Two sets are homeomorphic if there is a continuous bijection between them, with a continuous inverse. If $f:A\to B$ is a continuous bijection, and $f^{-1}:B\to A$ is also continuous, then $U$ is open in $A\iff f(U)$ is open in $B$. This in turn causes $f$ to preserve basically every topological property of $A$ when it maps to $B$, and so we say that $A$ and $B$ are topologically equivalent or homeomorphic. The line and the circle are not homeomorphic. This is easy to see because the line can be disconnected by removing one point and the circle can not.
The circle and the line however are locally homeomorphic. "locally" basically means that the property holds in some sufficently small neighborhood of every point. If you take some small neighborhood of a point on a circle and a small neighborhood of a point on a line, those two sets are homeomorphic. This is why we think that the earth looks like it is a plane, we aren't big enough to see outside some neighborhood on which the earth actually does look like a plane. If you were really tall, you'd be able to see the earth curves. This would correspond to being able to look outside the $\epsilon$-neighborhood where the earth is homeomorphic to the plane.
Note: This answer is for comparing $\mathbb{R}$ to a circle of finite radius. The question as posed doesn't totally make much sense, specifically the bit about the infinite radius circle see the answer from @Kevin Carlson for some details about that.
I'm ignoring the finite line case because if you are located at the endpoint that obviously things get messed up because you can only move in one direction. The answer for a finite line anywhere except at an endpoint is the same as the answer for $\mathbb{R}$