According to the convergence hypothesis, countries with rapid GDP growth
A)are heavily industrialized.
B)are market-based economies.
C)are likely to be imitating technologies, rather than innovating technologies.
D)higher levels of natural resource endowments.

Question

Quizplus · Accepted Answer

The convergence hypothesis suggests that countries with lower levels of income will grow faster, and thus catch up to countries with higher levels of income. This catch-up growth is often achieved through imitating and adopting technologies, rather than innovating new technologies. Therefore, option C is the best choice.

According to the Convergence Hypothesis, Countries with Rapid GDP Growth