Convergence will not happen if economies around the world have:
A) different average products of capital during the transition.
B) different initial levels of labour input.
C) different levels of technology.
D) all of the above.
Correct Answer:
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Q50: What are the long and short run
Q51: Figure 4.1 Q52: Convergence will not happen if economies around Q53: Why does the Solow growth model show Q54: When converging economies: Q55: Convergence of economies is the tendency according Q57: What are the long run and short Q58: Figure 4.1 Q59: What are the long and short run Q60: Figure 4.1 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
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A)have the same growth rate
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