According to the Solow growth theory,developing nations will catch up to the developed nations
A) if developing nations become more politically stable.
B) if developing nations invest in more education for their workers.
C) because developing nations can borrow technologies from the developed nations and learn from their mistakes.
D) in about 100 years.
E) at no foreseeable time in the future.

Question

Quizplus · Accepted Answer

The Solow growth model suggests that developing nations can catch up to developed nations through technology transfer, as they can adopt existing technologies and improve productivity without having to invent them from scratch.

According to the Solow Growth Theory,developing Nations Will Catch Up