According to the convergence hypothesis, as the rate of technological adoption rises in poorer countries,
A)the gap between rich and poor countries increase.
B)income inequality rises.
C)the flow of net exports can be reduced.
D)the gap between wealthy and poor countries close.

Question

Quizplus · Accepted Answer

The convergence hypothesis suggests that as poor countries adopt technology more rapidly, their productivity and output will increase, leading to economic growth and narrowing the gap between wealthy and poor countries. Therefore, the correct answer is D. Options A, B, and C are not supported by the convergence hypothesis.

According to the Convergence Hypothesis, as the Rate of Technological