The convergence theory is based on the idea of:
A) decreasing marginal returns.
B) decreasing income per capita.
C) increasing rates of income per capita.
D) increasing opportunity costs.
Correct Answer:
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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
Q102: The convergence theory suggests:
A) that poorer countries
Q103: An equation that captures how inputs of
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
Q108: The convergence theory predicts that:
A) even if
Q109: Countries that start with very little physical
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