The convergence hypothesis is:
A) wrong because Latin American and African countries have not been able to grow.
B) not wrong, but education, infrastructure, and the rule of law are not equal among nations.
C) not wrong, but because poorer nations are involved in so many destabilizing incidents like wars, disease, and famines, they will never be able to catch up with the rest of the world.
D) wrong because the income of poorer nations seems to get worse over time and the income of richer nations gets better.
Correct Answer:
Verified
Q188: Which factor is NOT necessary for convergence
Q189: Written in 1972, the book that argued
Q190: Economists mostly agree that the problem of
Q191: Thomas Malthus:
A) was President Reagan's primary economic
Q192: Economists are optimistic that growth can continue
Q194: As a limit to economic growth, environmental
Q195: Long-run economic growth will be sustainable:
A) because
Q196: Which factor has contributed to the lack
Q197: Greenhouse gas emissions are an example of
Q198: Conditional convergence suggests that poorer countries:
A) are
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