Other things equal,relatively poor countries tend to grow
A)slower than relatively rich countries;this is called the poverty trap.
B)slower than relatively rich countries;this is called the fall-behind effect.
C)faster than relatively rich countries;this is called the catch-up effect.
D)faster than relatively rich countries;this is called the constant-returns-to-scale effect.

Question

Quizplus · Accepted Answer

This is because poor countries have more room for improvement and can adopt technologies and practices from richer countries to catch up faster. This is known as the catch-up effect.

Other Things Equal,relatively Poor Countries Tend to Grow