The convergence hypothesis:
A) apparently applies only to wealthy countries.
B) seems to hold only when other things such as education and infrastructure are held equal.
C) suggests that relatively poor countries will continue to be poor regardless of their level of saving.
D) states that countries' growth depends on the amount of government intervention in the marketplace.
Correct Answer:
Verified
Q281: Technological change:
A)raises total factor productivity.
B)is not as
Q290: Diminishing returns to physical capital suggest that:
A)
Q297: In 2015,China saved:
A) less than Canada saved.
B)
Q303: Based on historical economic growth, economists have
Q304: One of the most important types of
Q305: Japan's economy:
A)had higher real GDP per capita
Q310: Investment spending:
A)must be paid for by consumption
Q313: Total factor productivity:
A)is the amount of output
Q314: Many economists view resource scarcity as a:
A)major
Q315: To hinder growth, a government might:
A)provide basic
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