The convergence theory suggests:
A) that poorer countries will grow faster than rich ones.
B) all countries eventually will experience the same rate of growth.
C) countries may have the same rate of growth but differing levels of income.
D) All of these are true.
Correct Answer:
Verified
Q97: A nonrenewable resource:
A) is a production input
Q98: Which of the following productive resources is
Q99: Which of the following is considered a
Q100: Fossil fuels are considered:
A) a renewable resource.
B)
Q101: The convergence theory states that:
A) poorer countries
Q103: An equation that captures how inputs of
Q104: The convergence theory is based on the
Q105: Using the growth accounting equation, if the
Q106: The convergence theory is also known as:
A)
Q107: When a country continually adds more capital
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