While there is no evidence of absolute convergence,there is strong evidence today of conditional convergence in which:
A) countries sharing certain characteristics are able to achieve rapid growth and begin to catch up with the richer countries.
B) by entering into the World Trade Organization, a nation implicitly and explicitly agrees to integrate into the global economy.
C) countries all agree to play by "the rules of the game."
D) countries considered at the most advanced stage of capitalism begin to decline, while developing nations accelerate past them.
Correct Answer:
Verified
Q8: The capital-output ratio provides an indication of
Q9: According to the Solow model,the relationship between
Q10: The most unsettling conclusion of the Solow
Q11: Because of population growth,Ghana's GNP must grow
Q12: The father of modern growth theory is:
A)
Q14: Which of the following statements is true
Q15: From 1999-2007,Thailand's economy experienced an annual growth
Q16: Every model of economic growth embodies:
A) risk
Q17: According to the Harrod-Domar model,what effect does
Q18: When an economy increases the amount of
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